Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) Share Price Crosses Below 50 Day Moving Average – Time to Sell?

Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY)’s stock price passed below its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $20.36 and traded as low as $20.22. Invesco Emerging Markets Sovereign Debt ETF shares last traded at $20.23, with a volume of 301,747 shares.

Invesco Emerging Markets Sovereign Debt ETF Stock Down 1.2%

The firm has a fifty day moving average of $20.36 and a two-hundred day moving average of $21.15.

Hedge Funds Weigh In On Invesco Emerging Markets Sovereign Debt ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Fifth Third Bancorp lifted its holdings in shares of Invesco Emerging Markets Sovereign Debt ETF by 0.9% during the 1st quarter. Fifth Third Bancorp now owns 71,621 shares of the company’s stock worth $1,497,000 after acquiring an additional 606 shares during the last quarter. Kestra Advisory Services LLC grew its position in Invesco Emerging Markets Sovereign Debt ETF by 5.3% in the third quarter. Kestra Advisory Services LLC now owns 12,609 shares of the company’s stock worth $251,000 after acquiring an additional 640 shares in the last quarter. Net Worth Advisory Group increased its stake in Invesco Emerging Markets Sovereign Debt ETF by 2.2% in the third quarter. Net Worth Advisory Group now owns 29,744 shares of the company’s stock valued at $590,000 after acquiring an additional 644 shares during the last quarter. Sanctuary Advisors LLC increased its stake in Invesco Emerging Markets Sovereign Debt ETF by 2.7% in the first quarter. Sanctuary Advisors LLC now owns 36,279 shares of the company’s stock valued at $758,000 after acquiring an additional 942 shares during the last quarter. Finally, Legacy Wealth Asset Management LLC increased its stake in Invesco Emerging Markets Sovereign Debt ETF by 3.0% in the second quarter. Legacy Wealth Asset Management LLC now owns 38,965 shares of the company’s stock valued at $844,000 after acquiring an additional 1,147 shares during the last quarter. Hedge funds and other institutional investors own 69.00% of the company’s stock.

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.