Invesco CEF Income Composite ETF (NYSEARCA:PCEF) Hits New 52-Week High – Here’s What Happened

Invesco CEF Income Composite ETF (NYSEARCA:PCEF) hit a new 52-week high on Wednesday . The stock traded as high as $20.43 and last traded at $20.42, with a volume of 68115 shares trading hands. The stock had previously closed at $20.31.

Invesco CEF Income Composite ETF Stock Performance

The business has a 50 day simple moving average of $20.01 and a 200-day simple moving average of $19.84. The firm has a market cap of $854.15 million, a price-to-earnings ratio of 23.11 and a beta of 0.76.

Institutional Investors Weigh In On Invesco CEF Income Composite ETF

Several institutional investors have recently bought and sold shares of PCEF. Advisory Services Network LLC purchased a new stake in Invesco CEF Income Composite ETF in the 3rd quarter valued at $40,000. WFA of San Diego LLC purchased a new stake in Invesco CEF Income Composite ETF in the 2nd quarter valued at about $45,000. International Assets Investment Management LLC bought a new position in shares of Invesco CEF Income Composite ETF during the 4th quarter worth approximately $57,000. Ascentis Independent Advisors bought a new position in shares of Invesco CEF Income Composite ETF during the 1st quarter worth approximately $95,000. Finally, Western Wealth Management LLC purchased a new position in shares of Invesco CEF Income Composite ETF in the 1st quarter worth approximately $154,000.

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).