Merit Financial Group LLC Has $3.51 Million Holdings in Invesco CEF Income Composite ETF $PCEF

Merit Financial Group LLC boosted its holdings in shares of Invesco CEF Income Composite ETF (NYSEARCA:PCEF) by 33.1% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 175,494 shares of the company’s stock after purchasing an additional 43,611 shares during the period. Merit Financial Group LLC’s holdings in Invesco CEF Income Composite ETF were worth $3,505,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of PCEF. Northwestern Mutual Wealth Management Co. raised its position in shares of 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 purchasing an additional 2,760 shares during the period. Royal Bank of Canada grew its position in shares of Invesco CEF Income Composite ETF by 2.7% in the 1st 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 period. NewEdge Advisors LLC increased its stake in Invesco CEF Income Composite ETF by 2.7% during the 1st quarter. NewEdge Advisors LLC now owns 37,621 shares of the company’s stock worth $709,000 after purchasing an additional 983 shares in the last quarter. Intrua Financial LLC raised its holdings in Invesco CEF Income Composite ETF by 130.1% during the 1st quarter. Intrua Financial LLC now owns 139,342 shares of the company’s stock worth $2,627,000 after buying an additional 78,792 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in Invesco CEF Income Composite ETF by 6.9% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 469,408 shares of the company’s stock valued at $9,261,000 after buying an additional 30,453 shares in the last quarter.

Invesco CEF Income Composite ETF Stock Down 0.1%

Invesco CEF Income Composite ETF stock opened at $19.86 on Friday. The company has a 50 day moving average of $19.83 and a 200-day moving average of $19.81. Invesco CEF Income Composite ETF has a twelve month low of $16.35 and a twelve month high of $20.25. The stock has a market capitalization of $859.34 million, a PE ratio of 23.11 and a beta of 0.78.

Invesco CEF Income Composite ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, November 28th. Shareholders of record on Monday, November 24th were issued a dividend of $0.1302 per share. This represents a c) dividend on an annualized basis and a yield of 7.9%. The ex-dividend date was Monday, November 24th.

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).