Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) Sees Large Volume Increase

Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) shares saw unusually-high trading volume on Tuesday . Approximately 160,283 shares were traded during trading, a decline of 67% from the previous session’s volume of 484,137 shares.The stock last traded at $21.62 and had previously closed at $21.58.

Invesco Emerging Markets Sovereign Debt ETF Price Performance

The stock’s 50-day simple moving average is $20.73 and its 200 day simple moving average is $20.40.

Hedge Funds Weigh In On Invesco Emerging Markets Sovereign Debt ETF

A number of institutional investors have recently modified their holdings of PCY. International Assets Investment Management LLC acquired a new position in shares of Invesco Emerging Markets Sovereign Debt ETF during the second quarter valued at $48,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Invesco Emerging Markets Sovereign Debt ETF by 15.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,799 shares of the company’s stock valued at $76,000 after purchasing an additional 519 shares during the last quarter. Concord Wealth Partners grew its position in shares of Invesco Emerging Markets Sovereign Debt ETF by 5,532.6% during the 1st quarter. Concord Wealth Partners now owns 4,844 shares of the company’s stock worth $99,000 after buying an additional 4,758 shares during the period. Wolverine Asset Management LLC raised its stake in shares of Invesco Emerging Markets Sovereign Debt ETF by 39.9% during the second quarter. Wolverine Asset Management LLC now owns 8,703 shares of the company’s stock worth $174,000 after buying an additional 2,484 shares during the last quarter. Finally, Truist Financial Corp bought a new position in Invesco Emerging Markets Sovereign Debt ETF in the second quarter valued at approximately $202,000.

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.