Invesco CEF Income Composite ETF (NYSEARCA:PCEF) Shares Cross Below Fifty Day Moving Average – Time to Sell?

Invesco CEF Income Composite ETF (NYSEARCA:PCEFGet Free Report) shares crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $19.48 and traded as low as $19.16. Invesco CEF Income Composite ETF shares last traded at $19.19, with a volume of 136,705 shares.

Invesco CEF Income Composite ETF Stock Down 0.9 %

The firm has a market cap of $765.87 million, a P/E ratio of 16.53 and a beta of 0.61. The business’s 50 day moving average is $19.48 and its two-hundred day moving average is $19.28.

Institutional Investors Weigh In On Invesco CEF Income Composite ETF

A number of hedge funds have recently added to or reduced their stakes in PCEF. GAMMA Investing LLC boosted its position in shares of Invesco CEF Income Composite ETF by 52.9% during the 4th quarter. GAMMA Investing LLC now owns 203,948 shares of the company’s stock worth $3,908,000 after purchasing an additional 70,586 shares in the last quarter. MML Investors Services LLC boosted its holdings in Invesco CEF Income Composite ETF by 30.4% in the third quarter. MML Investors Services LLC now owns 184,860 shares of the company’s stock worth $3,644,000 after acquiring an additional 43,102 shares in the last quarter. Rockefeller Capital Management L.P. boosted its holdings in Invesco CEF Income Composite ETF by 34.1% in the third quarter. Rockefeller Capital Management L.P. now owns 104,252 shares of the company’s stock worth $2,055,000 after acquiring an additional 26,485 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in Invesco CEF Income Composite ETF by 157.9% in the third quarter. Thrivent Financial for Lutherans now owns 49,556 shares of the company’s stock valued at $977,000 after acquiring an additional 30,339 shares during the period. Finally, Oppenheimer & Co. Inc. increased its holdings in shares of Invesco CEF Income Composite ETF by 32.7% during the third quarter. Oppenheimer & Co. Inc. now owns 39,884 shares of the company’s stock valued at $786,000 after acquiring an additional 9,819 shares in the last quarter.

About Invesco CEF Income Composite ETF

(Get Free Report)

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.

Further Reading

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