Invesco CEF Income Composite ETF (NYSEARCA:PCEF) Reaches New 12-Month Low – Should You Sell?

Invesco CEF Income Composite ETF (NYSEARCA:PCEF)’s share price reached a new 52-week low during trading on Friday . The stock traded as low as $17.48 and last traded at $17.62, with a volume of 149706 shares changing hands. The stock had previously closed at $18.50.

Invesco CEF Income Composite ETF Stock Down 6.4 %

The firm has a 50 day moving average of $19.32 and a 200 day moving average of $19.44. The firm has a market cap of $716.46 million, a PE ratio of 24.49 and a beta of 0.76.

Invesco CEF Income Composite ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were issued a $0.1359 dividend. The ex-dividend date was Monday, March 24th.

Institutional Investors Weigh In On Invesco CEF Income Composite ETF

Several institutional investors have recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC lifted its position in shares of Invesco CEF Income Composite ETF by 16.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 462,798 shares of the company’s stock worth $8,867,000 after acquiring an additional 65,980 shares in the last quarter. Buska Wealth Management LLC boosted its stake in Invesco CEF Income Composite ETF by 27.4% in the 4th quarter. Buska Wealth Management LLC now owns 15,493 shares of the company’s stock worth $297,000 after purchasing an additional 3,329 shares during the period. Menard Financial Group LLC bought a new stake in shares of Invesco CEF Income Composite ETF during the fourth quarter valued at about $57,000. Vermillion Wealth Management Inc. purchased a new stake in shares of Invesco CEF Income Composite ETF in the fourth quarter worth about $26,000. Finally, Royal Bank of Canada boosted its position in shares of Invesco CEF Income Composite ETF by 7.5% in the fourth quarter. Royal Bank of Canada now owns 2,081,260 shares of the company’s stock valued at $39,877,000 after acquiring an additional 145,950 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.