Gladstone Institutional Advisory LLC Decreases Stake in Invesco CEF Income Composite ETF (NYSEARCA:PCEF)

Gladstone Institutional Advisory LLC reduced its position in Invesco CEF Income Composite ETF (NYSEARCA:PCEF) by 16.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,729 shares of the company’s stock after selling 7,118 shares during the period. Gladstone Institutional Advisory LLC’s holdings in Invesco CEF Income Composite ETF were worth $642,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in PCEF. Avantax Advisory Services Inc. grew its stake in shares of Invesco CEF Income Composite ETF by 23.5% during the fourth quarter. Avantax Advisory Services Inc. now owns 26,676 shares of the company’s stock valued at $479,000 after buying an additional 5,074 shares during the last quarter. Sykon Capital LLC bought a new stake in Invesco CEF Income Composite ETF during the 4th quarter valued at $1,199,000. Adell Harriman & Carpenter Inc. lifted its holdings in shares of Invesco CEF Income Composite ETF by 51.2% during the 4th quarter. Adell Harriman & Carpenter Inc. now owns 22,600 shares of the company’s stock valued at $406,000 after purchasing an additional 7,650 shares during the last quarter. Truist Financial Corp lifted its holdings in shares of Invesco CEF Income Composite ETF by 1,577.7% during the 4th quarter. Truist Financial Corp now owns 403,753 shares of the company’s stock valued at $7,251,000 after purchasing an additional 379,687 shares during the last quarter. Finally, CWM LLC lifted its holdings in shares of Invesco CEF Income Composite ETF by 1,172.1% during the 4th quarter. CWM LLC now owns 21,333 shares of the company’s stock valued at $383,000 after purchasing an additional 19,656 shares during the last quarter.

Invesco CEF Income Composite ETF Stock Performance

Shares of PCEF opened at $18.66 on Thursday. The business’s 50-day moving average is $18.41 and its two-hundred day moving average is $18.15. The company has a market capitalization of $744.72 million, a P/E ratio of 16.53 and a beta of 0.61. Invesco CEF Income Composite ETF has a fifty-two week low of $15.97 and a fifty-two week high of $18.87.

About Invesco CEF Income Composite ETF

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.