Wealth Enhancement Advisory Services LLC Has $8.53 Million Stock Position in Invesco CEF Income Composite ETF $PCEF

Wealth Enhancement Advisory Services LLC lessened its stake in shares of Invesco CEF Income Composite ETF (NYSEARCA:PCEF) by 9.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 423,347 shares of the company’s stock after selling 46,061 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Invesco CEF Income Composite ETF were worth $8,526,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its holdings in Invesco CEF Income Composite ETF by 8.3% in the second quarter. Envestnet Asset Management Inc. now owns 2,851,970 shares of the company’s stock worth $55,720,000 after acquiring an additional 217,560 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in shares of Invesco CEF Income Composite ETF by 13.6% in the 2nd quarter. Raymond James Financial Inc. now owns 1,152,972 shares of the company’s stock worth $22,529,000 after purchasing an additional 137,590 shares in the last quarter. Bank of America Corp DE grew its position in Invesco CEF Income Composite ETF by 0.8% in the 2nd quarter. Bank of America Corp DE now owns 941,215 shares of the company’s stock valued at $18,391,000 after purchasing an additional 7,534 shares during the period. Intrua Financial LLC grew its position in Invesco CEF Income Composite ETF by 12.2% in the 3rd quarter. Intrua Financial LLC now owns 528,169 shares of the company’s stock valued at $10,548,000 after purchasing an additional 57,317 shares during the period. Finally, Cetera Investment Advisers increased its stake in Invesco CEF Income Composite ETF by 19.3% during the 2nd quarter. Cetera Investment Advisers now owns 498,833 shares of the company’s stock valued at $9,747,000 after purchasing an additional 80,758 shares in the last quarter.

Invesco CEF Income Composite ETF Trading Down 0.2%

Invesco CEF Income Composite ETF stock opened at $20.05 on Friday. The firm has a market capitalization of $829.87 million, a price-to-earnings ratio of 23.11 and a beta of 0.78. The firm’s fifty day moving average price is $19.86 and its two-hundred day moving average price is $19.87. Invesco CEF Income Composite ETF has a 1-year low of $16.35 and a 1-year high of $20.25.

Invesco CEF Income Composite ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, January 23rd. Shareholders of record on Tuesday, January 20th were paid a dividend of $0.1301 per share. The ex-dividend date was Tuesday, January 20th. This represents a c) dividend on an annualized basis and a yield of 7.8%.

Invesco CEF Income Composite ETF 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. 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).