Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) Sees Unusually-High Trading Volume – Here’s What Happened

Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) saw unusually-strong trading volume on Tuesday. 2,111,992 shares changed hands during trading, an increase of 405% from the previous session’s volume of 418,375 shares. The stock last traded at $20.0150 and had previously closed at $20.10.

Invesco Emerging Markets Sovereign Debt ETF Stock Performance

The firm has a 50 day moving average price of $20.95 and a two-hundred day moving average price of $21.25.

Institutional Trading of Invesco Emerging Markets Sovereign Debt ETF

A number of institutional investors have recently modified their holdings of the business. Envestnet Asset Management Inc. boosted its holdings in Invesco Emerging Markets Sovereign Debt ETF by 12.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 158,385 shares of the company’s stock worth $3,429,000 after buying an additional 17,703 shares during the period. Waverly Advisors LLC raised its holdings in Invesco Emerging Markets Sovereign Debt ETF by 0.8% during the 2nd quarter. Waverly Advisors LLC now owns 338,938 shares of the company’s stock valued at $7,338,000 after acquiring an additional 2,562 shares during the period. Sapient Capital LLC purchased a new stake in shares of Invesco Emerging Markets Sovereign Debt ETF during the second quarter worth $207,000. Concurrent Investment Advisors LLC lifted its position in shares of Invesco Emerging Markets Sovereign Debt ETF by 3.0% during the second quarter. Concurrent Investment Advisors LLC now owns 61,344 shares of the company’s stock worth $1,328,000 after acquiring an additional 1,779 shares in the last quarter. Finally, Annex Advisory Services LLC boosted its holdings in shares of 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.

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.