Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) Reaches New 1-Year High – Time to Buy?

Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) shares reached a new 52-week high on Tuesday . The company traded as high as $22.08 and last traded at $22.0450, with a volume of 15536 shares. The stock had previously closed at $21.99.

Invesco Emerging Markets Sovereign Debt ETF Stock Performance

The stock has a 50-day moving average of $21.69 and a 200 day moving average of $21.55.

Invesco Emerging Markets Sovereign Debt ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, January 23rd. Stockholders of record on Tuesday, January 20th were given a dividend of $0.1084 per share. This represents a c) annualized dividend and a dividend yield of 5.9%. The ex-dividend date of this dividend was Tuesday, January 20th. This is a boost from Invesco Emerging Markets Sovereign Debt ETF’s previous monthly dividend of $0.11.

Institutional Investors Weigh In On Invesco Emerging Markets Sovereign Debt ETF

A number of institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE raised its stake in Invesco Emerging Markets Sovereign Debt ETF by 4.2% during the 3rd quarter. Bank of America Corp DE now owns 22,132,281 shares of the company’s stock worth $477,172,000 after acquiring an additional 898,078 shares in the last quarter. Syon Capital LLC grew its stake in Invesco Emerging Markets Sovereign Debt ETF by 0.9% during the 4th quarter. Syon Capital LLC now owns 1,308,476 shares of the company’s stock worth $28,342,000 after buying an additional 11,744 shares during the last quarter. LPL Financial LLC increased its position in Invesco Emerging Markets Sovereign Debt ETF by 7.0% during the fourth quarter. LPL Financial LLC now owns 841,399 shares of the company’s stock worth $18,225,000 after buying an additional 54,927 shares during the period. Financial & Tax Architects LLC lifted its stake in Invesco Emerging Markets Sovereign Debt ETF by 181.0% in the fourth quarter. Financial & Tax Architects LLC now owns 645,169 shares of the company’s stock valued at $13,974,000 after buying an additional 415,580 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its stake in Invesco Emerging Markets Sovereign Debt ETF by 6.7% in the third quarter. Raymond James Financial Inc. now owns 446,081 shares of the company’s stock valued at $9,618,000 after buying an additional 27,870 shares during the last quarter. 69.00% of the stock is currently owned by institutional investors and hedge funds.

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.