Independent Advisor Alliance Acquires Shares of 625,241 Invesco CEF Income Composite ETF (NYSEARCA:PCEF)

Independent Advisor Alliance acquired a new stake in Invesco CEF Income Composite ETF (NYSEARCA:PCEF) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 625,241 shares of the company’s stock, valued at approximately $11,980,000. Independent Advisor Alliance owned about 1.57% of Invesco CEF Income Composite ETF as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PCEF. Raymond James Financial Inc. bought a new position in shares of Invesco CEF Income Composite ETF during the fourth quarter valued at approximately $18,551,000. GAMMA Investing LLC raised its holdings in shares of Invesco CEF Income Composite ETF by 52.9% during the fourth quarter. GAMMA Investing LLC now owns 203,948 shares of the company’s stock valued at $3,908,000 after acquiring an additional 70,586 shares in the last quarter. MML Investors Services LLC raised its holdings in shares of Invesco CEF Income Composite ETF by 30.4% during the third quarter. MML Investors Services LLC now owns 184,860 shares of the company’s stock valued at $3,644,000 after acquiring an additional 43,102 shares in the last quarter. Rockefeller Capital Management L.P. raised its holdings in shares of Invesco CEF Income Composite ETF by 34.1% during the third quarter. Rockefeller Capital Management L.P. now owns 104,252 shares of the company’s stock valued at $2,055,000 after acquiring an additional 26,485 shares in the last quarter. Finally, Stephens Inc. AR raised its holdings in shares of Invesco CEF Income Composite ETF by 7.7% during the fourth quarter. Stephens Inc. AR now owns 87,845 shares of the company’s stock valued at $1,683,000 after acquiring an additional 6,284 shares in the last quarter.

Invesco CEF Income Composite ETF Stock Down 1.3 %

Shares of Invesco CEF Income Composite ETF stock opened at $18.93 on Tuesday. The company has a market cap of $805.28 million, a PE ratio of 25.31 and a beta of 0.85. The business has a 50 day moving average of $19.53 and a 200 day moving average of $19.49. Invesco CEF Income Composite ETF has a 52 week low of $17.76 and a 52 week high of $19.95.

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.