Invesco CEF Income Composite ETF (PCEF)
Invesco CEF Income Composite ETF operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Downers Grove, IL, US. The stock last traded at $20.48, up 0.10% on the session, giving a market capitalisation of $852.5M. Its beta of 1.04 implies it has historically moved more than the broad market.
The Invesco CEF Income Composite ETF (PCEF) is an exchange-traded fund structured to track the performance of the S-Network Composite Closed-End Fund IndexSM. Functioning as a "fund-of-funds," this ETF primarily invests at least 90% of its total assets directly into the common shares of the closed-end funds that constitute its benchmark, foregoing direct investment in individual securities. The underlying Index encompasses closed-end funds (CEFs) that allocate capital to taxable investment-grade bonds, taxable high-yield bonds, and others that employ an equity option selling strategy. Both PCEF and its reference Index are subject to quarterly rebalancing and reconstitution.
Invesco CEF Income Composite ETF is most often compared with the following Financial Services names: