Invesco CEF Income Composite ETF (NYSEARCA:PCEF) Shares Pass Above 50-Day Moving Average – What’s Next?

Shares of Invesco CEF Income Composite ETF (NYSEARCA:PCEF) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $19.83 and traded as high as $19.91. Invesco CEF Income Composite ETF shares last traded at $19.91, with a volume of 167,003 shares trading hands.

Invesco CEF Income Composite ETF Price Performance

The company’s 50 day simple moving average is $19.83 and its 200 day simple moving average is $19.76. The stock has a market cap of $861.51 million, a P/E ratio of 23.11 and a beta of 0.78.

Invesco CEF Income Composite ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, November 28th. Investors of record on Monday, November 24th were given a $0.1302 dividend. The ex-dividend date was Monday, November 24th. This represents a c) dividend on an annualized basis and a dividend yield of 7.8%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. increased its holdings in shares of Invesco CEF Income Composite ETF by 4.9% in the first quarter. Raymond James Financial Inc. now owns 1,015,382 shares of the company’s stock worth $19,140,000 after acquiring an additional 47,174 shares in the last quarter. Summit Financial LLC grew its position in shares of Invesco CEF Income Composite ETF by 67.1% in the 1st quarter. Summit Financial LLC now owns 20,338 shares of the company’s stock valued at $383,000 after purchasing an additional 8,166 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in Invesco CEF Income Composite ETF by 184.0% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 4,260 shares of the company’s stock worth $80,000 after purchasing an additional 2,760 shares in the last quarter. Royal Bank of Canada increased its stake in Invesco CEF Income Composite ETF by 2.7% during the 1st quarter. Royal Bank of Canada now owns 2,137,345 shares of the company’s stock worth $40,289,000 after purchasing an additional 56,085 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its stake in Invesco CEF Income Composite ETF by 2.7% in the first quarter. NewEdge Advisors LLC now owns 37,621 shares of the company’s stock valued at $709,000 after buying an additional 983 shares in the last quarter.

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).