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

Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) shares saw unusually-strong trading volume on Wednesday . 4,493,104 shares changed hands during mid-day trading, an increase of 808% from the previous session’s volume of 494,991 shares.The stock last traded at $21.08 and had previously closed at $21.11.

Invesco Emerging Markets Sovereign Debt ETF Stock Down 0.1 %

The business’s 50 day simple moving average is $21.05 and its two-hundred day simple moving average is $20.52.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in PCY. International Assets Investment Management LLC bought a new position in shares of Invesco Emerging Markets Sovereign Debt ETF during the second quarter valued at about $48,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Invesco Emerging Markets Sovereign Debt ETF by 15.8% during the second 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 in the last quarter. Concord Wealth Partners lifted its position in shares of Invesco Emerging Markets Sovereign Debt ETF by 5,532.6% during the first quarter. Concord Wealth Partners now owns 4,844 shares of the company’s stock valued at $99,000 after purchasing an additional 4,758 shares in the last quarter. Wolverine Asset Management LLC lifted its position in shares of Invesco Emerging Markets Sovereign Debt ETF by 39.9% during the second quarter. Wolverine Asset Management LLC now owns 8,703 shares of the company’s stock valued at $174,000 after purchasing an additional 2,484 shares in the last quarter. Finally, Truist Financial Corp bought a new position in shares of Invesco Emerging Markets Sovereign Debt ETF during the second quarter valued at about $202,000.

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.