Invesco CEF Income Composite ETF (NYSEARCA:PCEF) Sees Large Volume Increase – Here’s What Happened

Shares of Invesco CEF Income Composite ETF (NYSEARCA:PCEF) saw an uptick in trading volume on Monday . 476,675 shares traded hands during trading, an increase of 218% from the previous session’s volume of 149,791 shares.The stock last traded at $19.90 and had previously closed at $19.97.

Invesco CEF Income Composite ETF Stock Down 0.5%

The firm has a market capitalization of $832.38 million, a P/E ratio of 23.11 and a beta of 0.76. The business has a 50-day moving average price of $19.48 and a 200-day moving average price of $19.77.

Institutional Trading of Invesco CEF Income Composite ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PCEF. CX Institutional bought a new stake in Invesco CEF Income Composite ETF in the third quarter valued at about $35,000. Advisory Services Network LLC bought a new stake in Invesco CEF Income Composite ETF in the third quarter valued at about $40,000. WFA of San Diego LLC bought a new stake in Invesco CEF Income Composite ETF in the second quarter valued at about $45,000. International Assets Investment Management LLC bought a new stake in Invesco CEF Income Composite ETF in the fourth quarter valued at about $57,000. Finally, Ascentis Independent Advisors bought a new stake in Invesco CEF Income Composite ETF in the first quarter valued at $95,000.

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. 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).