Zullo Investment Group Inc. Acquires New Position in Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY)

Zullo Investment Group Inc. acquired a new stake in Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) during the 1st quarter, HoldingsChannel reports. The firm acquired 10,188 shares of the company’s stock, valued at approximately $205,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PCY. Invesco Ltd. raised its position in Invesco Emerging Markets Sovereign Debt ETF by 6.0% during the fourth quarter. Invesco Ltd. now owns 3,154,610 shares of the company’s stock valued at $62,524,000 after acquiring an additional 177,609 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Invesco Emerging Markets Sovereign Debt ETF by 7.3% during the 4th quarter. Wells Fargo & Company MN now owns 2,245,338 shares of the company’s stock valued at $44,503,000 after purchasing an additional 152,299 shares in the last quarter. Syon Capital LLC lifted its stake in shares of Invesco Emerging Markets Sovereign Debt ETF by 0.4% in the 4th quarter. Syon Capital LLC now owns 1,741,594 shares of the company’s stock valued at $34,518,000 after purchasing an additional 6,146 shares during the last quarter. LPL Financial LLC boosted its holdings in Invesco Emerging Markets Sovereign Debt ETF by 14.8% in the fourth quarter. LPL Financial LLC now owns 751,226 shares of the company’s stock worth $14,889,000 after purchasing an additional 96,729 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in Invesco Emerging Markets Sovereign Debt ETF by 1.0% during the fourth quarter. Bank of New York Mellon Corp now owns 385,713 shares of the company’s stock worth $7,645,000 after buying an additional 3,775 shares during the last quarter. Hedge funds and other institutional investors own 69.00% of the company’s stock.

Invesco Emerging Markets Sovereign Debt ETF Stock Performance

NYSEARCA PCY opened at $20.27 on Friday. Invesco Emerging Markets Sovereign Debt ETF has a fifty-two week low of $18.71 and a fifty-two week high of $21.69. The stock’s 50-day moving average is $19.99 and its two-hundred day moving average is $20.01.

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.