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

Invesco CEF Income Composite ETF (NYSEARCA:PCEF)’s stock price crossed below its fifty day moving average during trading on Friday . The stock has a fifty 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 traded.

Invesco CEF Income Composite ETF Stock Down 0.9 %

The company has a market capitalization of $765.87 million, a PE ratio of 16.53 and a beta of 0.61. The company’s 50 day moving average is $19.48 and its two-hundred day moving average is $19.28.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. increased its position in Invesco CEF Income Composite ETF by 15.2% in the second quarter. Envestnet Asset Management Inc. now owns 1,934,535 shares of the company’s stock worth $36,408,000 after purchasing an additional 255,918 shares during the last quarter. GAMMA Investing LLC bought a new stake in shares of Invesco CEF Income Composite ETF in the 3rd quarter worth about $2,629,000. Goldstone Financial Group LLC purchased a new stake in shares of Invesco CEF Income Composite ETF during the 3rd quarter valued at about $1,203,000. MML Investors Services LLC lifted its holdings in shares of Invesco CEF Income Composite ETF by 30.4% in the 3rd 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 during the last quarter. Finally, Thrivent Financial for Lutherans grew its position 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 worth $977,000 after acquiring an additional 30,339 shares in the last quarter.

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.