Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) Reaches New 52-Week Low – Here’s Why

Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY)’s stock price reached a new 52-week low on Thursday . The company traded as low as $20.44 and last traded at $20.4150, with a volume of 189191 shares changing hands. The stock had previously closed at $20.52.

Invesco Emerging Markets Sovereign Debt ETF Stock Performance

The stock has a 50-day moving average price of $21.01 and a 200-day moving average price of $21.28.

Institutional Investors Weigh In On Invesco Emerging Markets Sovereign Debt ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of America Corp DE boosted its stake 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 valued at $493,554,000 after buying an additional 1,019,832 shares during the last quarter. Annex Advisory Services LLC raised its holdings 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 valued at $91,239,000 after acquiring an additional 211,608 shares in the last quarter. Syon Capital LLC boosted its stake in Invesco Emerging Markets Sovereign Debt ETF by 0.9% during the 4th quarter. Syon Capital LLC now owns 1,308,476 shares of the company’s stock valued at $28,342,000 after acquiring an additional 11,744 shares during the last quarter. Advisors Preferred LLC boosted its stake in Invesco Emerging Markets Sovereign Debt ETF by 314.5% during the 1st quarter. Advisors Preferred LLC now owns 511,065 shares of the company’s stock valued at $10,681,000 after acquiring an additional 387,756 shares during the last quarter. Finally, Cetera Investment Advisers grew its holdings in Invesco Emerging Markets Sovereign Debt ETF by 744.6% during the 1st 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 in the last quarter. 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.