Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) Sees Large Volume Increase – Time to Buy?

Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) saw an uptick in trading volume on Thursday . 870,909 shares were traded during mid-day trading, an increase of 90% from the previous session’s volume of 457,719 shares.The stock last traded at $20.04 and had previously closed at $20.00.

Invesco Emerging Markets Sovereign Debt ETF Price Performance

The firm’s 50-day moving average price is $20.32 and its 200-day moving average price is $20.65.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of PCY. Boyd Watterson Asset Management LLC OH boosted its position in shares of Invesco Emerging Markets Sovereign Debt ETF by 79.4% in the third quarter. Boyd Watterson Asset Management LLC OH now owns 1,435 shares of the company’s stock valued at $31,000 after acquiring an additional 635 shares during the period. Larson Financial Group LLC purchased a new stake in Invesco Emerging Markets Sovereign Debt ETF in the 3rd quarter worth approximately $31,000. Northwestern Mutual Wealth Management Co. boosted its holdings 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 purchasing an additional 519 shares during the period. Concord Wealth Partners grew its position in shares of Invesco Emerging Markets Sovereign Debt ETF by 11.1% during the 3rd quarter. Concord Wealth Partners now owns 5,384 shares of the company’s stock valued at $116,000 after purchasing an additional 540 shares in the last quarter. Finally, Rosenberg Matthew Hamilton increased its holdings in shares of Invesco Emerging Markets Sovereign Debt ETF by 16.5% in the third quarter. Rosenberg Matthew Hamilton now owns 9,041 shares of the company’s stock worth $194,000 after purchasing an additional 1,280 shares during the period.

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.