Invesco CEF Income Composite ETF (NYSEARCA:PCEF) Stock Passes Below Fifty Day Moving Average – Here’s Why

Shares of Invesco CEF Income Composite ETF (NYSEARCA:PCEF) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $19.86 and traded as low as $19.83. Invesco CEF Income Composite ETF shares last traded at $19.93, with a volume of 93,878 shares traded.

Invesco CEF Income Composite ETF Price Performance

The company has a market capitalization of $854.15 million, a PE ratio of 23.11 and a beta of 0.78. The business’s 50 day simple moving average is $19.86 and its 200 day simple moving average is $19.74.

Invesco CEF Income Composite ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, November 28th. Stockholders of record on Monday, November 24th were given a dividend of $0.1302 per share. This represents a c) annualized dividend and a dividend yield of 7.9%. The ex-dividend date of this dividend was Monday, November 24th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. CX Institutional acquired a new position in shares of Invesco CEF Income Composite ETF in the 3rd quarter valued at $35,000. Advisory Services Network LLC purchased a new stake in Invesco CEF Income Composite ETF in the 3rd quarter valued at about $40,000. WFA of San Diego LLC acquired a new position in Invesco CEF Income Composite ETF in the second quarter valued at about $45,000. Northwestern Mutual Wealth Management Co. boosted its stake in Invesco CEF Income Composite ETF by 184.0% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 4,260 shares of the company’s stock worth $80,000 after buying an additional 2,760 shares during the period. Finally, Ameritas Advisory Services LLC purchased a new position in Invesco CEF Income Composite ETF during the second quarter worth about $92,000.

About Invesco CEF Income Composite ETF

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.