Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) Sees Large Volume Increase – Here’s Why

Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) saw strong trading volume on Tuesday . 385,224 shares traded 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 Stock Down 0.4%

The firm’s 50 day moving average is $21.38 and its 200 day moving average is $21.63.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Sequent Planning LLC increased its position in Invesco Emerging Markets Sovereign Debt ETF by 4.6% during the 1st quarter. Sequent Planning LLC now owns 10,474 shares of the company’s stock valued at $219,000 after purchasing an additional 465 shares during the period. Mercer Global Advisors Inc. ADV increased its position in Invesco Emerging Markets Sovereign Debt ETF by 5.5% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 10,852 shares of the company’s stock valued at $235,000 after purchasing an additional 570 shares during the period. IHT Wealth Management LLC increased its position in Invesco Emerging Markets Sovereign Debt ETF by 5.4% during the 4th quarter. IHT Wealth Management LLC now owns 11,334 shares of the company’s stock valued at $245,000 after purchasing an additional 581 shares during the period. Realta Investment Advisors increased its position in Invesco Emerging Markets Sovereign Debt ETF by 104.9% during the 3rd quarter. Realta Investment Advisors now owns 1,164 shares of the company’s stock valued at $25,000 after purchasing an additional 596 shares during the period. Finally, Fifth Third Bancorp increased its position in Invesco Emerging Markets Sovereign Debt ETF by 0.9% during the 1st quarter. Fifth Third Bancorp now owns 71,621 shares of the company’s stock valued at $1,497,000 after purchasing an additional 606 shares during the period. 69.00% of the stock is owned by hedge funds and other institutional investors.

Invesco Emerging Markets Sovereign Debt ETF Company Profile

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.