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

Shares of Invesco CEF Income Composite ETF (NYSEARCA:PCEF) saw an uptick in trading volume on Monday . 648,663 shares were traded during mid-day trading, an increase of 366% from the previous session’s volume of 139,103 shares.The stock last traded at $19.09 and had previously closed at $18.97.

Invesco CEF Income Composite ETF Stock Performance

The stock’s 50 day simple moving average is $19.48 and its 200 day simple moving average is $19.48. The firm has a market capitalization of $788.20 million, a P/E ratio of 24.64 and a beta of 0.85.

Invesco CEF Income Composite ETF Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 24th will be given a dividend of $0.1359 per share. The ex-dividend date of this dividend is Monday, March 24th.

Institutional Trading of Invesco CEF Income Composite ETF

A number of institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. acquired a new position in Invesco CEF Income Composite ETF in the 4th quarter worth approximately $18,551,000. Money Concepts Capital Corp lifted its position in shares of Invesco CEF Income Composite ETF by 8.9% during the 4th quarter. Money Concepts Capital Corp now owns 11,847 shares of the company’s stock valued at $227,000 after buying an additional 965 shares in the last quarter. Thrivent Financial for Lutherans grew its position in shares of Invesco CEF Income Composite ETF by 157.9% in the third quarter. Thrivent Financial for Lutherans now owns 49,556 shares of the company’s stock valued at $977,000 after purchasing an additional 30,339 shares during the period. Avantax Advisory Services Inc. boosted its holdings in Invesco CEF Income Composite ETF by 85.4% in the 4th quarter. Avantax Advisory Services Inc. now owns 40,343 shares of the company’s stock worth $773,000 after buying an additional 18,578 shares during the last quarter. Finally, Stephens Inc. AR boosted its stake in shares of Invesco CEF Income Composite ETF by 7.7% in the fourth quarter. Stephens Inc. AR now owns 87,845 shares of the company’s stock worth $1,683,000 after acquiring an additional 6,284 shares during 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.