Merit Financial Group LLC Sells 55,827 Shares of Invesco CEF Income Composite ETF $PCEF

Merit Financial Group LLC decreased its holdings in Invesco CEF Income Composite ETF (NYSEARCA:PCEF) by 31.8% in the fourth quarter, Holdings Channel reports. The fund owned 119,667 shares of the company’s stock after selling 55,827 shares during the quarter. Merit Financial Group LLC’s holdings in Invesco CEF Income Composite ETF were worth $2,379,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Envestnet Asset Management Inc. lifted its holdings in shares of Invesco CEF Income Composite ETF by 1.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 2,898,455 shares of the company’s stock valued at $57,882,000 after acquiring an additional 46,485 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in shares of Invesco CEF Income Composite ETF by 1.7% in the 3rd quarter. Raymond James Financial Inc. now owns 1,172,462 shares of the company’s stock valued at $23,414,000 after acquiring an additional 19,490 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Invesco CEF Income Composite ETF by 0.8% in the 2nd quarter. Bank of America Corp DE now owns 941,215 shares of the company’s stock valued at $18,391,000 after acquiring an additional 7,534 shares during the last quarter. Larson Financial Group LLC lifted its holdings in shares of Invesco CEF Income Composite ETF by 55.9% in the 3rd quarter. Larson Financial Group LLC now owns 892,450 shares of the company’s stock valued at $17,822,000 after acquiring an additional 320,067 shares during the last quarter. Finally, Intrua Financial LLC raised its position in Invesco CEF Income Composite ETF by 12.2% in the 3rd quarter. Intrua Financial LLC now owns 528,169 shares of the company’s stock worth $10,548,000 after purchasing an additional 57,317 shares during the period.

Invesco CEF Income Composite ETF Price Performance

Shares of NYSEARCA PCEF opened at $19.78 on Tuesday. The company has a market cap of $823.64 million, a P/E ratio of 23.11 and a beta of 0.76. Invesco CEF Income Composite ETF has a 1 year low of $17.37 and a 1 year high of $20.30. The firm has a 50-day simple moving average of $19.55 and a two-hundred day simple moving average of $19.78.

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).