Raymond James & Associates Decreases Stock Position in Invesco CEF Income Composite ETF (NYSEARCA:PCEF)

Raymond James & Associates lowered its stake in Invesco CEF Income Composite ETF (NYSEARCA:PCEF) by 46.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,039 shares of the company’s stock after selling 18,167 shares during the quarter. Raymond James & Associates owned about 0.06% of Invesco CEF Income Composite ETF worth $378,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Invesco CEF Income Composite ETF by 7.9% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 268,590 shares of the company’s stock worth $4,593,000 after buying an additional 19,700 shares during the last quarter. WealthShield Partners LLC raised its holdings in shares of Invesco CEF Income Composite ETF by 1.2% in the third quarter. WealthShield Partners LLC now owns 66,686 shares of the company’s stock worth $1,140,000 after buying an additional 816 shares during the last quarter. Freedom Wealth Alliance LLC raised its holdings in shares of Invesco CEF Income Composite ETF by 3.9% in the third quarter. Freedom Wealth Alliance LLC now owns 68,922 shares of the company’s stock worth $1,179,000 after buying an additional 2,572 shares during the last quarter. NBC Securities Inc. purchased a new position in shares of Invesco CEF Income Composite ETF in the third quarter worth $36,000. Finally, UBS Group AG raised its holdings in shares of Invesco CEF Income Composite ETF by 1.5% in the third quarter. UBS Group AG now owns 868,770 shares of the company’s stock worth $14,856,000 after buying an additional 12,684 shares during the last quarter.

Invesco CEF Income Composite ETF Trading Up 0.7 %

NYSEARCA PCEF opened at $18.04 on Friday. The company has a fifty day simple moving average of $18.45 and a two-hundred day simple moving average of $17.91. The stock has a market cap of $727.55 million, a P/E ratio of 16.67 and a beta of 0.60. Invesco CEF Income Composite ETF has a 12-month low of $15.97 and a 12-month high of $18.87.

Invesco CEF Income Composite ETF 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.