Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) Sees Strong Trading Volume – Still a Buy?

Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCYGet Free Report) saw an uptick in trading volume on Tuesday . 2,081,743 shares traded hands during mid-day trading, an increase of 404% from the previous session’s volume of 412,686 shares.The stock last traded at $21.04 and had previously closed at $21.06.

Invesco Emerging Markets Sovereign Debt ETF Stock Performance

The firm’s 50-day moving average is $21.39 and its 200 day moving average is $21.45.

Institutional Trading of Invesco Emerging Markets Sovereign Debt ETF

A number of institutional investors and hedge funds have recently made changes to their positions in PCY. Qube Research & Technologies Ltd acquired a new position in Invesco Emerging Markets Sovereign Debt ETF in the second quarter valued at $52,000. PNC Financial Services Group Inc. raised its holdings in shares of Invesco Emerging Markets Sovereign Debt ETF by 29.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,219 shares of the company’s stock worth $113,000 after purchasing an additional 1,177 shares during the period. Kestra Private Wealth Services LLC purchased a new position in shares of Invesco Emerging Markets Sovereign Debt ETF in the 3rd quarter worth about $201,000. Sapient Capital LLC acquired a new position in shares of Invesco Emerging Markets Sovereign Debt ETF in the 2nd quarter valued at about $207,000. Finally, Community Bank & Trust Waco Texas acquired a new position in shares of Invesco Emerging Markets Sovereign Debt ETF in the 1st quarter valued at about $212,000. 69.00% of the stock is currently owned by institutional investors and hedge funds.

Invesco Emerging Markets Sovereign Debt ETF Company Profile

(Get Free Report)

The Invesco Emerging Markets Sovereign Debt ETF (PCY) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks a tier-weighted index of US-dollar-denominated sovereign debt in emerging markets with at least 3 years to maturity. PCY was launched on Oct 11, 2007 and is managed by Invesco.

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