Invesco CEF Income Composite ETF (NYSEARCA:PCEF) Sees Unusually-High Trading Volume – Here’s Why

Invesco CEF Income Composite ETF (NYSEARCA:PCEF) saw unusually-strong trading volume on Monday . Approximately 648,663 shares traded hands during 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 Down 0.8 %

The firm has a market cap of $788.20 million, a PE ratio of 24.64 and a beta of 0.85. The firm’s fifty day simple moving average is $19.48 and its two-hundred day simple moving average is $19.48.

Invesco CEF Income Composite ETF Cuts Dividend

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

Hedge Funds Weigh In On Invesco CEF Income Composite ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its position in Invesco CEF Income Composite ETF by 6.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 2,440,952 shares of the company’s stock valued at $46,769,000 after purchasing an additional 146,604 shares during the period. Wells Fargo & Company MN lifted its position in Invesco CEF Income Composite ETF by 8.4% in the fourth quarter. Wells Fargo & Company MN now owns 2,239,562 shares of the company’s stock worth $42,910,000 after buying an additional 173,718 shares during the last quarter. Royal Bank of Canada boosted its stake in Invesco CEF Income Composite ETF by 7.5% during the fourth quarter. Royal Bank of Canada now owns 2,081,260 shares of the company’s stock worth $39,877,000 after buying an additional 145,950 shares during the period. LPL Financial LLC increased its position in Invesco CEF Income Composite ETF by 1.4% during the fourth quarter. LPL Financial LLC now owns 974,442 shares of the company’s stock valued at $18,670,000 after acquiring an additional 13,133 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Invesco CEF Income Composite ETF in the fourth quarter valued at $18,551,000.

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.