November 23, 2016 - By Louis Casey · 0 Comments
Nov 23 is a negative day so far for PowerShares CEF Income Composite ETF (NYSEARCA:PCEF) as the ETF is active during the day after losing 0.68% to hit $21.95 per share. The exchange traded fund has 624.39M net assets and 0.81% volatility this month.
Over the course of the day 5,478 shares traded hands, as compared to an average volume of 116,170 over the last 30 days for PowerShares CEF Income Composite ETF (NYSEARCA:PCEF).
The ETF is -5.64% of its 52-Week High and 17.40% of its low, and is currently having ATR of 0.2. This year’s performance is 6.75% while this quarter’s performance is -4.32%.
The ETF’s YTD performance is 11.26%, the 1 year is 10.3% and the 3 year is 5.16%.
The ETF’s average P/E ratio is 18.33, the price to book is 2.13, the price to sales is 1.63 and the price to cashflow is 7.86. It was started on 2/19/2010. The fund’s top holdings are: EV Tax-Mgd Gbl Div Equity Income for 2.92% of assets, DoubleLine Income Solutions Fun for 2.81%, Eaton Vance Limited Duration In for 2.55%, BlackRock Enhanced Equity Div for 2.39%, BlackRock Credit Allocation Inc for 2.26%, EV Tax-Managed Div Equity Income for 2.17%, Aberdeen Asia-Pacific Income Fu for 2.12%, AllianzGI NFJ Div Interest & Prem for 2.11%, BlackRock Corp High Yield for 2.00%, Nuveen Preferred Securities Income for 1.93%. The ETF sector weights are: Basic Materials 5.49%, Consumer Cyclical 9.95%, Financial Services 15.46%, Realestate 1.66%, Consumer Defensive 8.75%, Healthcare 12.58%, Utilities 4.16%, Communication Services 3.94%, Energy 11.31%, Industrials 9.32%, Technology 17.38%. The ETF currently as 7.86% yield.
More notable recent PowerShrs CEF Income Cmpst Prtfl (NYSEARCA:PCEF) news were published by: Etfdailynews.com which released: “The Incredible Volatility Of Closed End Funds [Exchange Traded Concepts Trust …” on July 10, 2015, also Seekingalpha.com with their article: “Yield Sucker Bet” published on April 30, 2014, Seekingalpha.com published: “PCEF Vs. YYY: Is Bigger Always Better?” on September 09, 2014. More interesting news about PowerShrs CEF Income Cmpst Prtfl (NYSEARCA:PCEF) were released by: Benzinga.com and their article: “Closed-End Fund ETFs Follow High-Yield Bond Path” published on May 14, 2015 as well as Seekingalpha.com‘s news article titled: “Adjusting The ETF Retirement Portfolio” with publication date: May 21, 2014.
PowerShares CEF Income Composite Portfolio seeks investment results that correspond generally to the price and yield performance of the S-Network Composite Closed-End Fund Index (the Index). The company has a market cap of $624.39 million. The Fund will normally invest at least 80% of its total assets in securities of funds included in the Index. It currently has negative earnings. The Index tracks the overall performance of a global universe of United States listed closed-end funds that are organized under the laws of the United States selected by S-Network Global Indexes LLC (the Index Provider).
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By Louis Casey