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 Friday . Approximately 748,257 shares changed hands during mid-day trading, an increase of 53% from the previous session’s volume of 490,421 shares.The stock last traded at $20.46 and had previously closed at $20.49.

Invesco Emerging Markets Sovereign Debt ETF Price Performance

The company’s 50 day simple moving average is $21.10 and its 200 day simple moving average is $20.59.

Institutional Investors Weigh In On Invesco Emerging Markets Sovereign Debt ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Boyd Watterson Asset Management LLC OH increased its stake in shares of Invesco Emerging Markets Sovereign Debt ETF by 79.4% during the 3rd quarter. Boyd Watterson Asset Management LLC OH now owns 1,435 shares of the company’s stock worth $31,000 after purchasing an additional 635 shares during the last quarter. International Assets Investment Management LLC purchased a new position in Invesco Emerging Markets Sovereign Debt ETF in the 2nd quarter valued at approximately $48,000. Northwestern Mutual Wealth Management Co. grew its stake in Invesco Emerging Markets Sovereign Debt ETF by 15.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,799 shares of the company’s stock valued at $76,000 after buying an additional 519 shares in the last quarter. Concord Wealth Partners grew its stake in Invesco Emerging Markets Sovereign Debt ETF by 11.1% in the 3rd quarter. Concord Wealth Partners now owns 5,384 shares of the company’s stock valued at $116,000 after buying an additional 540 shares in the last quarter. Finally, Wolverine Asset Management LLC grew its stake in Invesco Emerging Markets Sovereign Debt ETF by 39.9% in the 2nd quarter. Wolverine Asset Management LLC now owns 8,703 shares of the company’s stock valued at $174,000 after buying an additional 2,484 shares in the last quarter.

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.