Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) Sees Strong Trading Volume – Should You Buy?

Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) saw strong trading volume on Monday . 1,587,086 shares were traded during trading, an increase of 273% from the previous session’s volume of 424,989 shares.The stock last traded at $20.38 and had previously closed at $20.39.

Invesco Emerging Markets Sovereign Debt ETF Price Performance

The company has a fifty day moving average price of $20.18 and a two-hundred day moving average price of $20.61.

Institutional Investors Weigh In On Invesco Emerging Markets Sovereign Debt ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. Larson Financial Group LLC acquired a new stake in shares of Invesco Emerging Markets Sovereign Debt ETF during the 3rd quarter worth $31,000. Fourth Dimension Wealth LLC purchased a new stake in shares of Invesco Emerging Markets Sovereign Debt ETF in the fourth quarter worth about $32,000. Geneos Wealth Management Inc. purchased a new position in Invesco Emerging Markets Sovereign Debt ETF in the 4th quarter worth approximately $64,000. Synergy Asset Management LLC purchased a new stake in Invesco Emerging Markets Sovereign Debt ETF during the 4th quarter worth $81,000. Finally, Joseph P. Lucia & Associates LLC purchased a new position in Invesco Emerging Markets Sovereign Debt ETF in the fourth quarter valued at about $200,000.

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.