Invesco CEF Income Composite ETF (NYSEARCA:PCEF) Sees Strong Trading Volume – What’s Next?

Invesco CEF Income Composite ETF (NYSEARCA:PCEF) saw an uptick in trading volume on Wednesday . 421,257 shares changed hands during mid-day trading, an increase of 176% from the previous session’s volume of 152,362 shares.The stock last traded at $20.08 and had previously closed at $20.01.

Invesco CEF Income Composite ETF Stock Up 0.3%

The firm has a market capitalization of $840.75 million, a price-to-earnings ratio of 23.11 and a beta of 0.76. The company has a fifty day moving average price of $19.47 and a two-hundred day moving average price of $19.78.

Institutional Investors Weigh In On Invesco CEF Income Composite ETF

A number of institutional investors and hedge funds have recently made changes to their positions in PCEF. Smartleaf Asset Management LLC purchased a new position in Invesco CEF Income Composite ETF during the 3rd quarter worth $969,000. Thrivent Financial for Lutherans purchased a new stake in shares of Invesco CEF Income Composite ETF in the third quarter valued at about $830,000. Intrua Financial LLC increased its stake in shares of Invesco CEF Income Composite ETF by 12.2% during the third quarter. Intrua Financial LLC now owns 528,169 shares of the company’s stock worth $10,548,000 after acquiring an additional 57,317 shares during the period. Larson Financial Group LLC increased its stake in shares of Invesco CEF Income Composite ETF by 55.9% during the third quarter. Larson Financial Group LLC now owns 892,450 shares of the company’s stock worth $17,822,000 after acquiring an additional 320,067 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings in Invesco CEF Income Composite ETF by 1.6% during the third quarter. Envestnet Asset Management Inc. now owns 2,898,455 shares of the company’s stock worth $57,882,000 after purchasing an additional 46,485 shares in the last quarter.

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. 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).