Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) Sees Large Volume Increase – What’s Next?

Shares of Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) saw an uptick in trading volume on Thursday . 2,285,968 shares traded hands during mid-day trading, an increase of 295% from the previous session’s volume of 578,531 shares.The stock last traded at $22.0050 and had previously closed at $22.07.

Invesco Emerging Markets Sovereign Debt ETF Price Performance

The business has a 50-day simple moving average of $21.71 and a two-hundred day simple moving average of $21.56.

Invesco Emerging Markets Sovereign Debt ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, January 23rd. Shareholders of record on Tuesday, January 20th were given a dividend of $0.1084 per share. The ex-dividend date of this dividend was Tuesday, January 20th. This represents a c) dividend on an annualized basis and a yield of 5.9%. This is a positive change from Invesco Emerging Markets Sovereign Debt ETF’s previous monthly dividend of $0.11.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE increased its position in shares of Invesco Emerging Markets Sovereign Debt ETF by 4.2% during the third quarter. Bank of America Corp DE now owns 22,132,281 shares of the company’s stock valued at $477,172,000 after purchasing an additional 898,078 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in Invesco Emerging Markets Sovereign Debt ETF by 3,421.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 440,755 shares of the company’s stock worth $9,547,000 after buying an additional 428,240 shares in the last quarter. Financial & Tax Architects LLC increased its holdings 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 valued at $13,974,000 after buying an additional 415,580 shares during the period. Man Group plc acquired a new position in shares of Invesco Emerging Markets Sovereign Debt ETF in the 3rd quarter valued at $7,183,000. Finally, Jane Street Group LLC lifted its holdings in shares of Invesco Emerging Markets Sovereign Debt ETF by 231.0% during the 2nd quarter. Jane Street Group LLC now owns 403,322 shares of the company’s stock worth $8,240,000 after acquiring an additional 281,455 shares during the period. 69.00% of the stock is owned by 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.