Invesco CEF Income Composite ETF (NYSEARCA:PCEF) Reaches New 1-Year High – Should You Buy?

Invesco CEF Income Composite ETF (NYSEARCA:PCEF)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $20.44 and last traded at $20.44, with a volume of 79895 shares changing hands. The stock had previously closed at $20.35.

Invesco CEF Income Composite ETF Stock Performance

The firm has a 50-day moving average of $20.15 and a 200-day moving average of $19.89. The firm has a market capitalization of $818.01 million, a P/E ratio of 23.11 and a beta of 0.75.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Intrua Financial LLC grew its stake in shares of Invesco CEF Income Composite ETF by 10.5% in the fourth quarter. Intrua Financial LLC now owns 583,845 shares of the company’s stock worth $11,607,000 after purchasing an additional 55,676 shares during the last quarter. Adell Harriman & Carpenter Inc. lifted its stake in Invesco CEF Income Composite ETF by 18.5% in the fourth quarter. Adell Harriman & Carpenter Inc. now owns 172,648 shares of the company’s stock worth $3,432,000 after acquiring an additional 26,999 shares during the period. Independent Financial Group LLC purchased a new stake in Invesco CEF Income Composite ETF in the first quarter worth $494,000. Larson Financial Group LLC boosted its holdings in Invesco CEF Income Composite ETF by 6.8% in the fourth quarter. Larson Financial Group LLC now owns 953,156 shares of the company’s stock valued at $18,949,000 after acquiring an additional 60,706 shares in the last quarter. Finally, Stephens Inc. AR boosted its holdings in Invesco CEF Income Composite ETF by 7.8% in the first quarter. Stephens Inc. AR now owns 111,640 shares of the company’s stock valued at $2,101,000 after acquiring an additional 8,101 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).