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

Shares of Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) saw strong trading volume on Wednesday . 463,238 shares were traded during trading, an increase of 5% from the previous session’s volume of 439,129 shares.The stock last traded at $21.13 and had previously closed at $21.16.

Invesco Emerging Markets Sovereign Debt ETF Stock Performance

The firm’s fifty day simple moving average is $21.29 and its 200 day simple moving average is $21.42.

Institutional Investors Weigh In On Invesco Emerging Markets Sovereign Debt ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Sequent Planning LLC boosted its stake in Invesco Emerging Markets Sovereign Debt ETF by 4.6% in the 1st quarter. Sequent Planning LLC now owns 10,474 shares of the company’s stock worth $219,000 after purchasing an additional 465 shares during the period. Mercer Global Advisors Inc. ADV raised its stake in shares of Invesco Emerging Markets Sovereign Debt ETF by 5.5% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 10,852 shares of the company’s stock valued at $235,000 after purchasing an additional 570 shares during the period. IHT Wealth Management LLC lifted its holdings in shares of Invesco Emerging Markets Sovereign Debt ETF by 5.4% in the fourth quarter. IHT Wealth Management LLC now owns 11,334 shares of the company’s stock valued at $245,000 after purchasing an additional 581 shares in the last quarter. Fifth Third Bancorp lifted its holdings in shares of Invesco Emerging Markets Sovereign Debt ETF by 0.9% in the first quarter. Fifth Third Bancorp now owns 71,621 shares of the company’s stock valued at $1,497,000 after purchasing an additional 606 shares in the last quarter. Finally, Arete Wealth Advisors LLC boosted its position in shares of Invesco Emerging Markets Sovereign Debt ETF by 7.5% during the fourth quarter. Arete Wealth Advisors LLC now owns 11,096 shares of the company’s stock worth $240,000 after buying an additional 771 shares during the period. 69.00% of the stock is currently owned by institutional investors and hedge funds.

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.