Invesco CEF Income Composite ETF (NYSEARCA:PCEF) Sees Strong Trading Volume – Still a Buy?

Invesco CEF Income Composite ETF (NYSEARCA:PCEF) saw an uptick in trading volume on Friday . 125,424 shares traded hands during mid-day trading, an increase of 2% from the previous session’s volume of 122,891 shares.The stock last traded at $19.65 and had previously closed at $19.52.

Invesco CEF Income Composite ETF Stock Performance

The company has a market capitalization of $784.63 million, a P/E ratio of 16.53 and a beta of 0.61. The stock has a fifty day moving average of $19.47 and a 200 day moving average of $19.32.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in PCEF. Envestnet Asset Management Inc. increased its holdings in Invesco CEF Income Composite ETF by 15.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,934,535 shares of the company’s stock worth $36,408,000 after acquiring an additional 255,918 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Invesco CEF Income Composite ETF by 3,096.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,918 shares of the company’s stock worth $36,000 after purchasing an additional 1,858 shares during the period. Cetera Investment Advisers increased its stake in shares of Invesco CEF Income Composite ETF by 16.1% in the second quarter. Cetera Investment Advisers now owns 204,937 shares of the company’s stock worth $3,857,000 after purchasing an additional 28,475 shares in the last quarter. GAMMA Investing LLC bought a new stake in shares of Invesco CEF Income Composite ETF during the 3rd quarter valued at $2,629,000. Finally, Heartwood Wealth Advisors LLC lifted its stake in shares of Invesco CEF Income Composite ETF by 2.3% during the 3rd quarter. Heartwood Wealth Advisors LLC now owns 35,000 shares of the company’s stock valued at $690,000 after buying an additional 800 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.