Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) Sees Strong Trading Volume – Here’s What Happened

Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) shares saw unusually-high trading volume on Tuesday . Approximately 385,224 shares changed hands during mid-day trading, a decline of 26% from the previous session’s volume of 522,141 shares.The stock last traded at $21.46 and had previously closed at $21.35.

Invesco Emerging Markets Sovereign Debt ETF Price Performance

The business’s 50 day moving average is $21.41 and its 200 day moving average is $21.63.

Institutional Trading of Invesco Emerging Markets Sovereign Debt ETF

Institutional investors have recently bought and sold shares of the stock. Financial & Tax Architects LLC boosted its stake in Invesco Emerging Markets Sovereign Debt ETF by 181.0% in the 4th quarter. Financial & Tax Architects LLC now owns 645,169 shares of the company’s stock worth $13,974,000 after purchasing an additional 415,580 shares in the last quarter. Ausdal Financial Partners Inc. boosted its stake in Invesco Emerging Markets Sovereign Debt ETF by 456.6% in the 3rd quarter. Ausdal Financial Partners Inc. now owns 65,797 shares of the company’s stock worth $1,419,000 after purchasing an additional 53,975 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in Invesco Emerging Markets Sovereign Debt ETF in the 4th quarter worth approximately $541,000. Hilltop Holdings Inc. acquired a new stake in Invesco Emerging Markets Sovereign Debt ETF in the 3rd quarter worth approximately $5,939,000. Finally, RiverTree Advisors LLC acquired a new stake in Invesco Emerging Markets Sovereign Debt ETF in the 4th quarter worth approximately $734,000. 69.00% of the stock is currently owned by institutional investors and hedge funds.

About Invesco Emerging Markets Sovereign Debt ETF

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.