Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) Sees Large Volume Increase – What’s Next?

Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) shares saw strong trading volume on Monday . 1,740,620 shares were traded during trading, an increase of 341% from the previous session’s volume of 394,801 shares.The stock last traded at $20.14 and had previously closed at $20.02.

Invesco Emerging Markets Sovereign Debt ETF Price Performance

The company’s 50-day moving average is $19.71 and its 200-day moving average is $20.04.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PCY. Farther Finance Advisors LLC raised its holdings in shares of Invesco Emerging Markets Sovereign Debt ETF by 79.3% during the 1st quarter. Farther Finance Advisors LLC now owns 1,262 shares of the company’s stock valued at $26,000 after buying an additional 558 shares during the period. Sowell Financial Services LLC grew its position in Invesco Emerging Markets Sovereign Debt ETF by 2.2% in the first quarter. Sowell Financial Services LLC now owns 32,703 shares of the company’s stock valued at $660,000 after acquiring an additional 696 shares in the last quarter. Net Worth Advisory Group raised its stake in shares of Invesco Emerging Markets Sovereign Debt ETF by 2.9% during the first quarter. Net Worth Advisory Group now owns 27,876 shares of the company’s stock valued at $562,000 after purchasing an additional 773 shares during the period. Sound Income Strategies LLC lifted its position in shares of Invesco Emerging Markets Sovereign Debt ETF by 20.6% during the first quarter. Sound Income Strategies LLC now owns 4,855 shares of the company’s stock worth $98,000 after purchasing an additional 830 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. boosted its stake in shares of Invesco Emerging Markets Sovereign Debt ETF by 5.3% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 17,133 shares of the company’s stock valued at $340,000 after purchasing an additional 857 shares during the period.

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.