Summit Financial LLC Takes Position in Invesco CEF Income Composite ETF (NYSEARCA:PCEF)

Summit Financial LLC purchased a new position in shares of Invesco CEF Income Composite ETF (NYSEARCA:PCEF) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 12,172 shares of the company’s stock, valued at approximately $233,000.

Several other large investors have also bought and sold shares of the business. VSM Wealth Advisory LLC bought a new stake in shares of Invesco CEF Income Composite ETF during the 4th quarter valued at $85,000. Mezzasalma Advisors LLC bought a new stake in Invesco CEF Income Composite ETF in the fourth quarter valued at about $207,000. JPMorgan Chase & Co. lifted its stake in Invesco CEF Income Composite ETF by 2,475.6% in the fourth quarter. JPMorgan Chase & Co. now owns 11,590 shares of the company’s stock valued at $222,000 after buying an additional 11,140 shares during the period. Money Concepts Capital Corp boosted its holdings in Invesco CEF Income Composite ETF by 8.9% during the fourth quarter. Money Concepts Capital Corp now owns 11,847 shares of the company’s stock worth $227,000 after buying an additional 965 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its position in shares of Invesco CEF Income Composite ETF by 20.7% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 12,782 shares of the company’s stock worth $245,000 after buying an additional 2,188 shares during the period.

Invesco CEF Income Composite ETF Price Performance

Shares of PCEF stock opened at $17.31 on Friday. The stock has a market cap of $716.46 million, a PE ratio of 24.49 and a beta of 0.76. The stock has a 50-day moving average of $19.32 and a 200-day moving average of $19.44. Invesco CEF Income Composite ETF has a one year low of $17.30 and a one year high of $19.95.

Invesco CEF Income Composite ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were paid a $0.1359 dividend. The ex-dividend date was Monday, March 24th.

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.