Invesco CEF Income Composite ETF (NYSEARCA:PCEF) Reaches New 52-Week High – What’s Next?

Invesco CEF Income Composite ETF (NYSEARCA:PCEF) hit a new 52-week high during trading on Monday . The company traded as high as $19.77 and last traded at $19.77, with a volume of 74690 shares changing hands. The stock had previously closed at $19.73.

Invesco CEF Income Composite ETF Trading Up 0.2 %

The stock has a market cap of $791.02 million, a price-to-earnings ratio of 16.53 and a beta of 0.61. The stock has a fifty day simple moving average of $19.53 and a 200-day simple moving average of $19.14.

Institutional Trading of Invesco CEF Income Composite ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. lifted its position in shares of Invesco CEF Income Composite ETF by 3,096.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,918 shares of the company’s stock worth $36,000 after buying an additional 1,858 shares during the period. Atticus Wealth Management LLC acquired a new position in Invesco CEF Income Composite ETF in the second quarter valued at about $90,000. UMB Bank n.a. bought a new stake in shares of Invesco CEF Income Composite ETF in the second quarter valued at about $119,000. Atlas Private Wealth Advisors bought a new stake in Invesco CEF Income Composite ETF during the second quarter worth about $214,000. Finally, Sax Wealth Advisors LLC bought a new stake in Invesco CEF Income Composite ETF during the second quarter worth about $235,000.

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.