Invesco CEF Income Composite ETF (NYSEARCA:PCEF) Sees Strong Trading Volume – Time to Buy?

Shares of Invesco CEF Income Composite ETF (NYSEARCA:PCEF) saw strong trading volume on Monday . 212,761 shares traded hands during mid-day trading, an increase of 66% from the previous session’s volume of 128,170 shares.The stock last traded at $20.00 and had previously closed at $20.24.

Invesco CEF Income Composite ETF Trading Down 1.0%

The firm’s 50-day simple moving average is $20.02 and its 200 day simple moving average is $19.95. The stock has a market cap of $820.03 million, a P/E ratio of 23.11 and a beta of 0.78.

Invesco CEF Income Composite ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Monday, February 23rd will be issued a $0.13 dividend. This represents a c) dividend on an annualized basis and a yield of 7.8%. The ex-dividend date of this dividend is Monday, February 23rd.

Institutional Trading of Invesco CEF Income Composite ETF

Several hedge funds have recently added to or reduced their stakes in PCEF. Level Four Advisory Services LLC grew its stake in Invesco CEF Income Composite ETF by 5.0% in the second quarter. Level Four Advisory Services LLC now owns 10,777 shares of the company’s stock valued at $211,000 after purchasing an additional 512 shares in the last quarter. Panoramic Investment Advisors LLC raised its stake in shares of Invesco CEF Income Composite ETF by 1.0% during 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 lifted its holdings in shares of Invesco CEF Income Composite ETF by 2.5% during the 3rd quarter. Comerica Bank now owns 21,965 shares of the company’s stock valued at $439,000 after buying an additional 538 shares during the last quarter. Rockefeller Capital Management L.P. lifted its holdings in shares of Invesco CEF Income Composite ETF by 0.5% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 103,038 shares of the company’s stock valued at $2,013,000 after buying an additional 560 shares during the last quarter. Finally, Argyle Capital Partners LLC grew its stake in shares of Invesco CEF Income Composite ETF by 2.8% in the 3rd quarter. Argyle Capital Partners LLC now owns 24,014 shares of the company’s stock valued at $480,000 after buying an additional 650 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).