Invesco CEF Income Composite ETF (NYSEARCA:PCEF) Reaches New 52-Week Low – Here’s Why

Invesco CEF Income Composite ETF (NYSEARCA:PCEFGet Free Report) reached a new 52-week low during mid-day trading on Friday . The company traded as low as $17.48 and last traded at $17.62, with a volume of 149706 shares changing hands. The stock had previously closed at $18.50.

Invesco CEF Income Composite ETF Trading Down 6.4 %

The stock’s 50-day simple moving average is $19.32 and its 200-day simple moving average is $19.44. The stock has a market cap of $716.46 million, a price-to-earnings ratio of 24.49 and a beta of 0.76.

Invesco CEF Income Composite ETF Cuts Dividend

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

Institutional Investors Weigh In On Invesco CEF Income Composite ETF

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vermillion Wealth Management Inc. bought a new stake in shares of Invesco CEF Income Composite ETF during the 4th quarter worth $26,000. Menard Financial Group LLC acquired a new position in Invesco CEF Income Composite ETF during the fourth quarter worth about $57,000. VSM Wealth Advisory LLC bought a new position in shares of Invesco CEF Income Composite ETF in the fourth quarter worth about $85,000. Mezzasalma Advisors LLC acquired a new stake in shares of Invesco CEF Income Composite ETF in the 4th quarter valued at approximately $207,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of Invesco CEF Income Composite ETF by 2,475.6% during the 4th quarter. JPMorgan Chase & Co. now owns 11,590 shares of the company’s stock valued at $222,000 after purchasing an additional 11,140 shares during the last quarter.

About Invesco CEF Income Composite ETF

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Invesco CEF Income Composite ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco CEF Income Composite ETF and related companies with MarketBeat.com's FREE daily email newsletter.