Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) Sets New 1-Year Low – Here’s What Happened

Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) shares hit a new 52-week low during trading on Thursday . The company traded as low as $20.44 and last traded at $20.4150, with a volume of 189191 shares traded. The stock had previously closed at $20.52.

Invesco Emerging Markets Sovereign Debt ETF Stock Down 0.5%

The company has a 50-day simple moving average of $21.01 and a two-hundred day simple moving average of $21.28.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE grew its position in Invesco Emerging Markets Sovereign Debt ETF by 4.5% in the 1st quarter. Bank of America Corp DE now owns 23,615,035 shares of the company’s stock worth $493,554,000 after purchasing an additional 1,019,832 shares during the last quarter. Annex Advisory Services LLC raised its holdings in shares of Invesco Emerging Markets Sovereign Debt ETF by 5.3% during the second quarter. Annex Advisory Services LLC now owns 4,214,276 shares of the company’s stock valued at $91,239,000 after buying an additional 211,608 shares during the last quarter. Syon Capital LLC boosted its position in shares of Invesco Emerging Markets Sovereign Debt ETF by 0.9% during the fourth quarter. Syon Capital LLC now owns 1,308,476 shares of the company’s stock worth $28,342,000 after buying an additional 11,744 shares during the period. Advisors Preferred LLC grew its holdings in Invesco Emerging Markets Sovereign Debt ETF by 314.5% in the 1st quarter. Advisors Preferred LLC now owns 511,065 shares of the company’s stock worth $10,681,000 after buying an additional 387,756 shares in the last quarter. Finally, Cetera Investment Advisers grew its holdings in Invesco Emerging Markets Sovereign Debt ETF by 744.6% in the 1st quarter. Cetera Investment Advisers now owns 394,670 shares of the company’s stock worth $8,249,000 after buying an additional 347,944 shares in the last quarter. 69.00% of the stock is 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.