Invesco CEF Income Composite ETF (NYSEARCA:PCEF) Sees Large Volume Increase – Here’s What Happened

Shares of Invesco CEF Income Composite ETF (NYSEARCA:PCEF) saw unusually-high trading volume on Monday . Approximately 476,675 shares changed hands during trading, an increase of 218% from the previous session’s volume of 149,791 shares.The stock last traded at $19.90 and had previously closed at $19.97.

Invesco CEF Income Composite ETF Trading Down 0.5%

The company has a market capitalization of $832.38 million, a price-to-earnings ratio of 23.11 and a beta of 0.76. The stock’s 50 day moving average price is $19.48 and its 200 day moving average price is $19.77.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada raised its stake in shares of Invesco CEF Income Composite ETF by 62.4% during the 4th quarter. Royal Bank of Canada now owns 3,044,256 shares of the company’s stock worth $60,520,000 after purchasing an additional 1,169,654 shares in the last quarter. Larson Financial Group LLC grew its stake in shares of Invesco CEF Income Composite ETF by 55.9% in the third quarter. Larson Financial Group LLC now owns 892,450 shares of the company’s stock valued at $17,822,000 after buying an additional 320,067 shares in the last quarter. Raymond James Financial Inc. increased its holdings in Invesco CEF Income Composite ETF by 13.6% during the second 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. Sykon Capital LLC increased its holdings in Invesco CEF Income Composite ETF by 76.4% during the third quarter. Sykon Capital LLC now owns 169,758 shares of the company’s stock worth $3,390,000 after buying an additional 73,543 shares during the last quarter. Finally, Intrua Financial LLC raised its position in Invesco CEF Income Composite ETF by 12.2% during the third 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 in the last quarter.

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).