Invesco CEF Income Composite ETF (NYSEARCA:PCEF) Share Price Crosses Below Fifty Day Moving Average – Here’s Why

Invesco CEF Income Composite ETF (NYSEARCA:PCEF)’s stock price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $20.26 and traded as low as $20.23. Invesco CEF Income Composite ETF shares last traded at $20.28, with a volume of 70,930 shares changing hands.

Invesco CEF Income Composite ETF Stock Up 0.1%

The stock has a market cap of $811.61 million, a price-to-earnings ratio of 23.11 and a beta of 0.76. The firm’s 50 day moving average is $20.26 and its two-hundred day moving average is $19.92.

Hedge Funds Weigh In On Invesco CEF Income Composite ETF

Institutional investors have recently made changes to their positions in the stock. NewEdge Advisors LLC lifted its holdings in shares of Invesco CEF Income Composite ETF by 2.7% in 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 during the last quarter. Raymond James Financial Inc. grew its stake in Invesco CEF Income Composite ETF by 13.6% during the 2nd quarter. Raymond James Financial Inc. now owns 1,152,972 shares of the company’s stock worth $22,529,000 after buying an additional 137,590 shares during the last quarter. Bank of America Corp DE grew its stake in Invesco CEF Income Composite ETF by 0.8% during the 2nd quarter. Bank of America Corp DE now owns 941,215 shares of the company’s stock worth $18,391,000 after buying an additional 7,534 shares during the last quarter. WFA of San Diego LLC bought a new position in Invesco CEF Income Composite ETF during the 2nd quarter worth $45,000. Finally, Geneos Wealth Management Inc. increased its position in Invesco CEF Income Composite ETF by 20.3% in the second quarter. Geneos Wealth Management Inc. now owns 48,941 shares of the company’s stock worth $956,000 after buying an additional 8,245 shares during the period.

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).