Invesco CEF Income Composite ETF $PCEF Shares Purchased by Larson Financial Group LLC

Larson Financial Group LLC increased its holdings in Invesco CEF Income Composite ETF (NYSEARCA:PCEF) by 55.9% in the 3rd quarter, HoldingsChannel reports. The fund owned 892,450 shares of the company’s stock after purchasing an additional 320,067 shares during the quarter. Larson Financial Group LLC’s holdings in Invesco CEF Income Composite ETF were worth $17,822,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. lifted its stake 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 valued at $22,529,000 after purchasing an additional 137,590 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of Invesco CEF Income Composite ETF by 19.3% in the 2nd quarter. Cetera Investment Advisers now owns 498,833 shares of the company’s stock valued at $9,747,000 after acquiring an additional 80,758 shares during the period. Intrua Financial LLC lifted its holdings in shares of 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 worth $10,548,000 after acquiring an additional 57,317 shares during the last quarter. Smartleaf Asset Management LLC acquired a new stake in Invesco CEF Income Composite ETF in the 3rd quarter valued at approximately $969,000. Finally, Envestnet Asset Management Inc. increased its holdings in Invesco CEF Income Composite ETF by 1.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 2,898,455 shares of the company’s stock valued at $57,882,000 after purchasing an additional 46,485 shares during the last quarter.

Invesco CEF Income Composite ETF Stock Up 1.0%

NYSEARCA:PCEF opened at $19.36 on Tuesday. Invesco CEF Income Composite ETF has a 52 week low of $16.35 and a 52 week high of $20.30. The stock’s fifty day moving average is $19.99 and its two-hundred day moving average is $19.93. The stock has a market capitalization of $792.60 million, a price-to-earnings 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, February 27th. Investors of record on Monday, February 23rd were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Monday, February 23rd. This represents a c) annualized dividend and a yield of 8.1%.

Invesco CEF Income Composite ETF Company 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).