Invesco CEF Income Composite ETF (NYSEARCA:PCEF) Share Price Passes Above 50 Day Moving Average – Here’s Why

Invesco CEF Income Composite ETF (NYSEARCA:PCEF)’s stock price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $19.83 and traded as high as $19.91. Invesco CEF Income Composite ETF shares last traded at $19.91, with a volume of 167,003 shares traded.

Invesco CEF Income Composite ETF Trading Up 0.9%

The company has a 50 day simple moving average of $19.83 and a 200 day simple moving average of $19.77. The stock has a market cap of $861.51 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, November 28th. Stockholders of record on Monday, November 24th were given a $0.1302 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date of this dividend was Monday, November 24th.

Institutional Investors Weigh In On Invesco CEF Income Composite ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PCEF. Raymond James Financial Inc. boosted its stake in shares of Invesco CEF Income Composite ETF by 4.9% during the 1st quarter. Raymond James Financial Inc. now owns 1,015,382 shares of the company’s stock worth $19,140,000 after buying an additional 47,174 shares during the last quarter. Summit Financial LLC increased its position in shares of Invesco CEF Income Composite ETF by 67.1% in the first quarter. Summit Financial LLC now owns 20,338 shares of the company’s stock valued at $383,000 after acquiring an additional 8,166 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Invesco CEF Income Composite ETF by 184.0% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 4,260 shares of the company’s stock worth $80,000 after acquiring an additional 2,760 shares in the last quarter. Royal Bank of Canada boosted its position in Invesco CEF Income Composite ETF by 2.7% during the first quarter. Royal Bank of Canada now owns 2,137,345 shares of the company’s stock valued at $40,289,000 after purchasing an additional 56,085 shares during the last quarter. Finally, NewEdge Advisors LLC grew its stake in Invesco CEF Income Composite ETF by 2.7% in the first quarter. NewEdge Advisors LLC now owns 37,621 shares of the company’s stock valued at $709,000 after purchasing an additional 983 shares in the last quarter.

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. 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).