Raymond James Financial Inc. Makes New $18.55 Million Investment in Invesco CEF Income Composite ETF (NYSEARCA:PCEF)

Raymond James Financial Inc. acquired a new stake in Invesco CEF Income Composite ETF (NYSEARCA:PCEF) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 968,208 shares of the company’s stock, valued at approximately $18,551,000. Raymond James Financial Inc. owned about 2.43% of Invesco CEF Income Composite ETF as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Envestnet Asset Management Inc. lifted its position in Invesco CEF Income Composite ETF by 6.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 2,440,952 shares of the company’s stock worth $46,769,000 after acquiring an additional 146,604 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in Invesco CEF Income Composite ETF by 8.4% during the 4th quarter. Wells Fargo & Company MN now owns 2,239,562 shares of the company’s stock worth $42,910,000 after purchasing an additional 173,718 shares during the last quarter. LPL Financial LLC boosted its stake in Invesco CEF Income Composite ETF by 1.4% in the 4th quarter. LPL Financial LLC now owns 974,442 shares of the company’s stock valued at $18,670,000 after purchasing an additional 13,133 shares during the period. Independent Advisor Alliance bought a new stake in Invesco CEF Income Composite ETF in the 4th quarter valued at $11,980,000. Finally, Sykon Capital LLC grew its holdings in Invesco CEF Income Composite ETF by 41.9% in the 4th quarter. Sykon Capital LLC now owns 204,742 shares of the company’s stock valued at $3,923,000 after buying an additional 60,462 shares in the last quarter.

Invesco CEF Income Composite ETF Stock Performance

PCEF opened at $17.82 on Monday. The stock has a fifty day moving average of $18.82 and a 200-day moving average of $19.28. The company has a market capitalization of $737.39 million, a P/E ratio of 23.21 and a beta of 0.76. Invesco CEF Income Composite ETF has a fifty-two week low of $16.35 and a fifty-two week high of $19.95.

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.