Towercrest Capital Management Makes New Investment in Invesco Emerging Markets Sovereign Debt ETF $PCY

Towercrest Capital Management bought a new position in Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 218,407 shares of the company’s stock, valued at approximately $4,342,000.

Several other hedge funds have also made changes to their positions in the company. Bank of America Corp DE grew its position in shares of Invesco Emerging Markets Sovereign Debt ETF by 4.5% during the 1st quarter. Bank of America Corp DE now owns 23,615,035 shares of the company’s stock worth $493,554,000 after buying an additional 1,019,832 shares in the last quarter. Advisors Preferred LLC lifted its stake in Invesco Emerging Markets Sovereign Debt ETF by 314.5% in the first quarter. Advisors Preferred LLC now owns 511,065 shares of the company’s stock worth $10,681,000 after acquiring an additional 387,756 shares during the period. Vontobel Holding Ltd. purchased a new stake in Invesco Emerging Markets Sovereign Debt ETF in the third quarter worth about $7,171,000. Cetera Investment Advisers lifted its stake in Invesco Emerging Markets Sovereign Debt ETF by 744.6% in the first quarter. Cetera Investment Advisers now owns 394,670 shares of the company’s stock worth $8,249,000 after acquiring an additional 347,944 shares during the period. Finally, Annex Advisory Services LLC lifted its stake in Invesco Emerging Markets Sovereign Debt ETF by 5.3% in the second quarter. Annex Advisory Services LLC now owns 4,214,276 shares of the company’s stock worth $91,239,000 after acquiring an additional 211,608 shares during the period. 69.00% of the stock is currently owned by hedge funds and other institutional investors.

Invesco Emerging Markets Sovereign Debt ETF Stock Down 0.3%

Invesco Emerging Markets Sovereign Debt ETF stock traded down $0.07 during midday trading on Friday, hitting $20.18. 240,917 shares of the company’s stock were exchanged, compared to its average volume of 419,903. Invesco Emerging Markets Sovereign Debt ETF has a 12 month low of $19.68 and a 12 month high of $22.18. The firm has a 50-day moving average of $20.55 and a two-hundred day moving average of $21.12.

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.