Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) Sees Unusually-High Trading Volume – Time to Buy?

Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) saw unusually-high trading volume on Monday . Approximately 297,446 shares were traded during trading, a decline of 30% from the previous session’s volume of 425,899 shares.The stock last traded at $21.03 and had previously closed at $20.92.

Invesco Emerging Markets Sovereign Debt ETF Stock Up 0.7%

The business’s fifty day moving average is $21.46 and its 200-day moving average is $21.48.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of PCY. Bank of America Corp DE increased its stake in shares of Invesco Emerging Markets Sovereign Debt ETF by 4.5% in the first 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 in the last quarter. Invesco Ltd. lifted its stake in shares of Invesco Emerging Markets Sovereign Debt ETF by 25.0% during the 4th quarter. Invesco Ltd. now owns 2,599,005 shares of the company’s stock valued at $56,294,000 after buying an additional 519,300 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Invesco Emerging Markets Sovereign Debt ETF by 3,421.8% in the 4th 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 during the period. Financial & Tax Architects LLC boosted 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 worth $13,974,000 after buying an additional 415,580 shares during the period. Finally, Advisors Preferred LLC increased its stake 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. Hedge funds and other institutional investors own 69.00% of the company’s stock.

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.