Smartleaf Asset Management LLC Makes New Investment in Invesco CEF Income Composite ETF $PCEF

Smartleaf Asset Management LLC purchased a new stake in Invesco CEF Income Composite ETF (NYSEARCA:PCEF) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 48,675 shares of the company’s stock, valued at approximately $969,000.

A number of other institutional investors also recently modified their holdings of PCEF. CX Institutional purchased a new position in Invesco CEF Income Composite ETF in the 3rd quarter valued at approximately $35,000. WFA of San Diego LLC bought a new position in shares of Invesco CEF Income Composite ETF in the second quarter worth $45,000. Global Retirement Partners LLC grew its position in shares of Invesco CEF Income Composite ETF by 11,170.5% in the third quarter. Global Retirement Partners LLC now owns 4,959 shares of the company’s stock valued at $99,000 after purchasing an additional 4,915 shares in the last quarter. Level Four Advisory Services LLC grew its position in shares of 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. Finally, BG Investment Services Inc. bought a new stake in shares of Invesco CEF Income Composite ETF during the 2nd quarter valued at $307,000.

Invesco CEF Income Composite ETF Stock Performance

Shares of PCEF opened at $20.23 on Tuesday. Invesco CEF Income Composite ETF has a 52-week low of $16.35 and a 52-week high of $20.25. The stock’s 50-day simple moving average is $19.96 and its 200 day simple moving average is $19.91. The stock has a market capitalization of $828.22 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, January 23rd. Investors of record on Tuesday, January 20th were issued a dividend of $0.1301 per share. This represents a c) dividend on an annualized basis and a yield of 7.7%. The ex-dividend date of this dividend was Tuesday, January 20th.

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).