Envestnet Asset Management Inc. Acquires 255,918 Shares of Invesco CEF Income Composite ETF (NYSEARCA:PCEF)

Envestnet Asset Management Inc. boosted its stake in shares of Invesco CEF Income Composite ETF (NYSEARCA:PCEF) by 15.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,934,535 shares of the company’s stock after purchasing an additional 255,918 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Invesco CEF Income Composite ETF were worth $36,408,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of PCEF. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Invesco CEF Income Composite ETF by 100.1% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 694,634 shares of the company’s stock worth $13,073,000 after purchasing an additional 347,499 shares during the period. Wells Fargo & Company MN lifted its position in shares of Invesco CEF Income Composite ETF by 21.4% in the 4th quarter. Wells Fargo & Company MN now owns 1,509,494 shares of the company’s stock worth $27,111,000 after acquiring an additional 265,659 shares during the period. Cetera Investment Advisers grew its holdings in shares of Invesco CEF Income Composite ETF by 301.0% during the 1st quarter. Cetera Investment Advisers now owns 176,462 shares of the company’s stock worth $3,326,000 after purchasing an additional 132,460 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Invesco CEF Income Composite ETF by 24.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 365,394 shares of the company’s stock valued at $6,888,000 after purchasing an additional 71,823 shares during the period. Finally, Pathway Financial Advisers LLC acquired a new position in shares of Invesco CEF Income Composite ETF in the first quarter valued at $1,123,000.

Invesco CEF Income Composite ETF Price Performance

PCEF opened at $19.61 on Friday. The company has a market capitalization of $782.64 million, a P/E ratio of 16.53 and a beta of 0.61. The firm’s fifty day moving average price is $19.06 and its two-hundred day moving average price is $18.73. Invesco CEF Income Composite ETF has a fifty-two week low of $15.97 and a fifty-two week high of $19.68.

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.