Invesco CEF Income Composite ETF (NYSEARCA:PCEF) Hits New 52-Week High – Still a Buy?

Invesco CEF Income Composite ETF (NYSEARCA:PCEF)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $19.91 and last traded at $19.89, with a volume of 38092 shares. The stock had previously closed at $19.82.

Invesco CEF Income Composite ETF Trading Up 0.3 %

The stock’s 50-day moving average is $19.52 and its 200-day moving average is $19.42. The stock has a market cap of $793.01 million, a price-to-earnings ratio of 16.53 and a beta of 0.61.

Hedge Funds Weigh In On Invesco CEF Income Composite ETF

Hedge funds have recently made changes to their positions in the business. Jane Street Group LLC purchased a new stake in Invesco CEF Income Composite ETF during the 4th quarter worth $273,000. MML Investors Services LLC boosted its position in shares of Invesco CEF Income Composite ETF by 2.0% in the fourth quarter. MML Investors Services LLC now owns 188,552 shares of the company’s stock worth $3,613,000 after buying an additional 3,692 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Invesco CEF Income Composite ETF in the fourth quarter valued at about $18,551,000. Envestnet Asset Management Inc. raised its holdings in shares of Invesco CEF Income Composite ETF by 6.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 2,440,952 shares of the company’s stock valued at $46,769,000 after buying an additional 146,604 shares during the period. Finally, Wells Fargo & Company MN grew 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 valued at $42,910,000 after acquiring an additional 173,718 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.