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

Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) saw unusually-high trading volume on Wednesday . Approximately 1,630,315 shares were traded during trading, an increase of 186% from the previous session’s volume of 570,518 shares.The stock last traded at $21.41 and had previously closed at $21.07.

Invesco Emerging Markets Sovereign Debt ETF Trading Up 1.6%

The company has a fifty day simple moving average of $21.48 and a two-hundred day simple moving average of $21.63.

Institutional Investors Weigh In On Invesco Emerging Markets Sovereign Debt ETF

Several large investors have recently bought and sold shares of PCY. Royal Bank of Canada increased its holdings in Invesco Emerging Markets Sovereign Debt ETF by 2.2% during the 1st quarter. Royal Bank of Canada now owns 79,446 shares of the company’s stock worth $1,602,000 after purchasing an additional 1,739 shares during the period. Jones Financial Companies Lllp increased its holdings in Invesco Emerging Markets Sovereign Debt ETF by 139.9% during the 1st quarter. Jones Financial Companies Lllp now owns 28,539 shares of the company’s stock worth $591,000 after purchasing an additional 16,642 shares during the period. Jane Street Group LLC increased its holdings in Invesco Emerging Markets Sovereign Debt ETF by 15.9% during the 1st quarter. Jane Street Group LLC now owns 121,867 shares of the company’s stock worth $2,458,000 after purchasing an additional 16,745 shares during the period. Qube Research & Technologies Ltd acquired a new position in shares of Invesco Emerging Markets Sovereign Debt ETF during the 2nd quarter worth about $52,000. Finally, Quantinno Capital Management LP boosted its position in shares of Invesco Emerging Markets Sovereign Debt ETF by 83.8% during the 2nd quarter. Quantinno Capital Management LP now owns 22,594 shares of the company’s stock worth $462,000 after acquiring an additional 10,300 shares in the last quarter. Hedge funds and other institutional investors own 69.00% of the company’s stock.

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.