Invesco CEF Income Composite ETF (NYSEARCA:PCEF) Sees Large Volume Increase – Here’s What Happened

Invesco CEF Income Composite ETF (NYSEARCA:PCEF) shares saw unusually-strong trading volume on Monday . Approximately 212,761 shares were traded during trading, an increase of 66% from the previous session’s volume of 128,170 shares.The stock last traded at $20.00 and had previously closed at $20.24.

Invesco CEF Income Composite ETF Stock Up 0.6%

The business’s fifty day simple moving average is $20.04 and its two-hundred day simple moving average is $19.95. The company has a market cap of $825.35 million, a price-to-earnings ratio of 23.11 and a beta of 0.78.

Invesco CEF Income Composite ETF Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Monday, February 23rd will be paid a dividend of $0.13 per share. This represents a c) dividend on an annualized basis and a yield of 7.7%. The ex-dividend date is Monday, February 23rd.

Institutional Investors Weigh In On Invesco CEF Income Composite ETF

Several large investors have recently modified their holdings of the company. Royal Bank of Canada raised its position in Invesco CEF Income Composite ETF by 62.4% in the 4th quarter. Royal Bank of Canada now owns 3,044,256 shares of the company’s stock valued at $60,520,000 after purchasing an additional 1,169,654 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Invesco CEF Income Composite ETF by 1.6% during the third quarter. Envestnet Asset Management Inc. now owns 2,898,455 shares of the company’s stock worth $57,882,000 after buying an additional 46,485 shares during the period. Raymond James Financial Inc. grew its holdings in shares of Invesco CEF Income Composite ETF by 1.7% during the third quarter. Raymond James Financial Inc. now owns 1,172,462 shares of the company’s stock worth $23,414,000 after buying an additional 19,490 shares during the last quarter. Larson Financial Group LLC raised its stake in Invesco CEF Income Composite ETF by 6.8% during the 4th quarter. Larson Financial Group LLC now owns 953,156 shares of the company’s stock valued at $18,949,000 after acquiring an additional 60,706 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in Invesco CEF Income Composite ETF by 0.8% during the 2nd quarter. Bank of America Corp DE now owns 941,215 shares of the company’s stock valued at $18,391,000 after acquiring an additional 7,534 shares during the last quarter.

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).