Summit Financial LLC Takes Position in Invesco CEF Income Composite ETF (NYSEARCA:PCEF)

Summit Financial LLC acquired a new position in shares of Invesco CEF Income Composite ETF (NYSEARCA:PCEF) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 12,172 shares of the company’s stock, valued at approximately $233,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. VSM Wealth Advisory LLC acquired a new stake in shares of Invesco CEF Income Composite ETF during the fourth quarter valued at about $85,000. Mezzasalma Advisors LLC bought a new position in Invesco CEF Income Composite ETF in the 4th quarter valued at approximately $207,000. JPMorgan Chase & Co. boosted its position in Invesco CEF Income Composite ETF by 2,475.6% during the 4th quarter. JPMorgan Chase & Co. now owns 11,590 shares of the company’s stock worth $222,000 after buying an additional 11,140 shares during the period. Money Concepts Capital Corp grew its holdings in Invesco CEF Income Composite ETF by 8.9% during the 4th quarter. Money Concepts Capital Corp now owns 11,847 shares of the company’s stock worth $227,000 after acquiring an additional 965 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its position in Invesco CEF Income Composite ETF by 20.7% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 12,782 shares of the company’s stock valued at $245,000 after acquiring an additional 2,188 shares during the period.

Invesco CEF Income Composite ETF Stock Performance

Shares of NYSEARCA:PCEF opened at $17.31 on Friday. Invesco CEF Income Composite ETF has a 52 week low of $17.30 and a 52 week high of $19.95. The firm has a market cap of $716.46 million, a PE ratio of 24.49 and a beta of 0.76. The firm’s fifty day moving average is $19.32 and its 200-day moving average is $19.44.

Invesco CEF Income Composite ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were issued a dividend of $0.1359 per share. The ex-dividend date of this dividend was Monday, March 24th.

Invesco CEF Income Composite ETF Company Profile

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.