Cetera Advisor Networks LLC increased its holdings in shares of PowerShares CEF Income Composite ETF (NYSEARCA:PCEF) by 4.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 211,148 shares of the company’s stock after buying an additional 8,752 shares during the quarter. Cetera Advisor Networks LLC owned 0.72% of PowerShares CEF Income Composite ETF worth $5,068,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of PCEF. Cetera Advisors LLC grew its stake in PowerShares CEF Income Composite ETF by 15.6% in the third quarter. Cetera Advisors LLC now owns 20,922 shares of the company’s stock valued at $498,000 after purchasing an additional 2,819 shares in the last quarter. Private Advisor Group LLC grew its stake in PowerShares CEF Income Composite ETF by 51.3% in the third quarter. Private Advisor Group LLC now owns 32,043 shares of the company’s stock valued at $771,000 after purchasing an additional 10,865 shares in the last quarter. Jane Street Group LLC purchased a new position in PowerShares CEF Income Composite ETF in the third quarter valued at about $836,000. Ladenburg Thalmann Financial Services Inc. grew its stake in PowerShares CEF Income Composite ETF by 34.0% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 163,426 shares of the company’s stock valued at $3,924,000 after purchasing an additional 41,442 shares in the last quarter. Finally, Janney Capital Management LLC purchased a new position in PowerShares CEF Income Composite ETF in the third quarter valued at about $5,770,000.

Shares of PowerShares CEF Income Composite ETF (NYSEARCA:PCEF) traded up $0.02 during midday trading on Wednesday, reaching $23.78. The company’s stock had a trading volume of 119,500 shares, compared to its average volume of 104,470. PowerShares CEF Income Composite ETF has a 1 year low of $22.02 and a 1 year high of $24.24.

The company also recently announced a monthly dividend, which was paid on Thursday, November 30th. Shareholders of record on Tuesday, November 21st were paid a $0.1422 dividend. The ex-dividend date was Monday, November 20th. This represents a $1.71 dividend on an annualized basis and a yield of 7.18%.

COPYRIGHT VIOLATION NOTICE: This report was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this report on another website, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright legislation. The legal version of this report can be read at https://www.thecerbatgem.com/2017/12/13/powershares-cef-income-composite-etf-pcef-shares-bought-by-cetera-advisor-networks-llc.html.

PowerShares 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.

Want to see what other hedge funds are holding PCEF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PowerShares CEF Income Composite ETF (NYSEARCA:PCEF).

Receive News & Ratings for PowerShares CEF Income Composite ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PowerShares CEF Income Composite ETF and related companies with MarketBeat.com's FREE daily email newsletter.