Invesco CEF Income Composite ETF (NYSEARCA:PCEF) Sets New 52-Week High – Time to Buy?

Invesco CEF Income Composite ETF (NYSEARCA:PCEF) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $20.30 and last traded at $20.2820, with a volume of 61603 shares traded. The stock had previously closed at $20.16.

Invesco CEF Income Composite ETF Stock Up 0.6%

The company has a 50 day moving average of $20.00 and a two-hundred day moving average of $19.94. The firm has a market cap of $830.06 million, a P/E ratio of 23.11 and a beta of 0.78.

Invesco CEF Income Composite ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, January 23rd. Stockholders of record on Tuesday, January 20th were given a dividend of $0.1301 per share. The ex-dividend date was Tuesday, January 20th. This represents a c) annualized dividend and a dividend yield of 7.7%.

Institutional Trading of Invesco CEF Income Composite ETF

A number of large investors have recently added to or reduced their stakes in the business. CX Institutional acquired a new position in Invesco CEF Income Composite ETF in the third quarter worth approximately $35,000. Advisory Services Network LLC acquired a new position in shares of Invesco CEF Income Composite ETF in the 3rd quarter worth $40,000. WFA of San Diego LLC acquired a new stake in shares of Invesco CEF Income Composite ETF during the second quarter worth $45,000. International Assets Investment Management LLC acquired a new stake in shares of Invesco CEF Income Composite ETF during the fourth quarter worth $57,000. Finally, Global Retirement Partners LLC raised its holdings in Invesco CEF Income Composite ETF by 11,170.5% during the 3rd quarter. Global Retirement Partners LLC now owns 4,959 shares of the company’s stock worth $99,000 after buying an additional 4,915 shares during the period.

Invesco CEF Income Composite ETF Company Profile

PowerShares CEF Income Composite Portfolio (the Fund) seeks investment results that correspond generally to the price and yield performance of the S-Network Composite Closed-End Fund Index (the Index). The Fund will normally invest at least 80% of its total assets in securities of funds included in the Index. The Index tracks the overall performance of a global universe of United States listed closed-end funds that are organized under the laws of the United States selected by S-Network Global Indexes LLC (the Index Provider).