Invesco CEF Income Composite ETF (NYSEARCA:PCEF) Share Price Crosses Below 50 Day Moving Average – What’s Next?

Invesco CEF Income Composite ETF (NYSEARCA:PCEF)’s share price 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 Price Performance

The firm has a market capitalization of $765.87 million, a P/E ratio of 16.53 and a beta of 0.61. The firm’s 50 day moving average is $19.48 and its two-hundred day moving average is $19.29.

Institutional Investors Weigh In On Invesco CEF Income Composite ETF

A number of large investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. grew 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 valued at $36,000 after purchasing an additional 1,858 shares during the last quarter. Heartwood Wealth Advisors LLC boosted its stake in Invesco CEF Income Composite ETF by 2.3% in the 3rd quarter. Heartwood Wealth Advisors LLC now owns 35,000 shares of the company’s stock valued at $690,000 after purchasing an additional 800 shares during the period. Oppenheimer & Co. Inc. grew its holdings in Invesco CEF Income Composite ETF by 32.7% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 39,884 shares of the company’s stock valued at $786,000 after buying an additional 9,819 shares in the last quarter. Adell Harriman & Carpenter Inc. increased its position in Invesco CEF Income Composite ETF by 24.3% during the 3rd quarter. Adell Harriman & Carpenter Inc. now owns 40,900 shares of the company’s stock worth $806,000 after buying an additional 8,000 shares during the period. Finally, Thrivent Financial for Lutherans boosted its position in shares of 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.

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.