Invesco CEF Income Composite ETF (NYSEARCA:PCEF) Stock Price Crosses Below Fifty Day Moving Average – Should You Sell?

Invesco CEF Income Composite ETF (NYSEARCA:PCEF) 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 trading hands.

Invesco CEF Income Composite ETF Stock Down 0.9 %

The stock has a market cap of $765.87 million, a PE ratio of 16.53 and a beta of 0.61. The business has a 50 day moving average price of $19.48 and a 200 day moving average price of $19.29.

Hedge Funds Weigh In On Invesco CEF Income Composite ETF

Several institutional investors and hedge funds have recently modified their holdings of PCEF. Heartwood Wealth Advisors LLC raised its position in shares of Invesco CEF Income Composite ETF by 2.3% in the third quarter. Heartwood Wealth Advisors LLC now owns 35,000 shares of the company’s stock valued at $690,000 after buying an additional 800 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Invesco CEF Income Composite ETF by 3,096.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,918 shares of the company’s stock valued at $36,000 after acquiring an additional 1,858 shares during the last quarter. Adell Harriman & Carpenter Inc. lifted its stake in Invesco CEF Income Composite ETF by 24.3% in the 3rd quarter. Adell Harriman & Carpenter Inc. now owns 40,900 shares of the company’s stock worth $806,000 after purchasing an additional 8,000 shares in the last quarter. Future Financial Wealth Managment LLC boosted its holdings in shares of Invesco CEF Income Composite ETF by 12.8% during the 3rd quarter. Future Financial Wealth Managment LLC now owns 71,006 shares of the company’s stock worth $1,400,000 after purchasing an additional 8,035 shares during the last quarter. Finally, Oppenheimer & Co. Inc. grew its position in shares of Invesco CEF Income Composite ETF by 32.7% in the third quarter. Oppenheimer & Co. Inc. now owns 39,884 shares of the company’s stock valued at $786,000 after purchasing an additional 9,819 shares in the last quarter.

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.