Invesco CEF Income Composite ETF (NYSEARCA:PCEF) Sees Large Volume Increase – Time to Buy?

Shares of Invesco CEF Income Composite ETF (NYSEARCA:PCEF) saw unusually-high trading volume on Tuesday . Approximately 129,082 shares traded hands during trading, an increase of 1% from the previous session’s volume of 127,955 shares.The stock last traded at $19.28 and had previously closed at $19.19.

Invesco CEF Income Composite ETF Stock Up 0.8 %

The company has a fifty day moving average price of $19.53 and a 200-day moving average price of $19.24. The stock has a market capitalization of $772.26 million, a P/E ratio of 16.53 and a beta of 0.61.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. grew its holdings in shares of Invesco CEF Income Composite ETF by 15.2% in the second quarter. Envestnet Asset Management Inc. now owns 1,934,535 shares of the company’s stock worth $36,408,000 after purchasing an additional 255,918 shares during the last quarter. GAMMA Investing LLC purchased a new position in Invesco CEF Income Composite ETF during the 3rd quarter worth $2,629,000. Goldstone Financial Group LLC purchased a new stake in Invesco CEF Income Composite ETF during the 3rd quarter valued at about $1,203,000. MML Investors Services LLC raised its position in Invesco CEF Income Composite ETF by 30.4% during the 3rd quarter. MML Investors Services LLC now owns 184,860 shares of the company’s stock worth $3,644,000 after buying an additional 43,102 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its position in Invesco CEF Income Composite ETF by 157.9% during 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.

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.