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

Invesco CEF Income Composite ETF (NYSEARCA:PCEF)’s share price hit a new 52-week high during trading on Wednesday . The company 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 moving average of $20.01 and a two-hundred day moving average of $19.84. The firm has a market capitalization of $854.15 million, a price-to-earnings ratio of 23.11 and a beta of 0.76.

Hedge Funds Weigh In On Invesco CEF Income Composite ETF

Institutional investors have recently modified their holdings of the company. Panoramic Investment Advisors LLC lifted its holdings in shares of Invesco CEF Income Composite ETF by 1.0% in the 4th quarter. Panoramic Investment Advisors LLC now owns 54,905 shares of the company’s stock worth $1,092,000 after purchasing an additional 522 shares in the last quarter. Comerica Bank raised its holdings in Invesco CEF Income Composite ETF by 2.5% during the third quarter. Comerica Bank now owns 21,965 shares of the company’s stock worth $439,000 after buying an additional 538 shares during the last quarter. Argyle Capital Partners LLC raised its holdings in Invesco CEF Income Composite ETF by 2.8% during the third quarter. Argyle Capital Partners LLC now owns 24,014 shares of the company’s stock worth $480,000 after buying an additional 650 shares during the last quarter. Endowment Wealth Management Inc. lifted its stake in shares of Invesco CEF Income Composite ETF by 2.5% in the fourth quarter. Endowment Wealth Management Inc. now owns 27,628 shares of the company’s stock valued at $549,000 after buying an additional 673 shares in the last quarter. Finally, WealthShield Partners LLC lifted its stake in shares of Invesco CEF Income Composite ETF by 1.2% in the fourth quarter. WealthShield Partners LLC now owns 63,163 shares of the company’s stock valued at $1,243,000 after buying an additional 748 shares in the last quarter.

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).