Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) Reaches New 52-Week Low – Time to Sell?

Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY – Get Free Report) shares hit a new 52-week low during trading on Thursday. The company traded as low as $20.44 and last traded at $20.4150, with a volume of 189191 shares trading hands. The stock had previously closed at $20.52.

Invesco Emerging Markets Sovereign Debt ETF Trading Down 0.1%

The firm has a fifty day simple moving average of $20.97 and a 200-day simple moving average of $21.26.

Institutional Trading of Invesco Emerging Markets Sovereign Debt ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in PCY. Sapient Capital LLC bought a new position in Invesco Emerging Markets Sovereign Debt ETF during the 2nd quarter valued at $207,000. Community Bank & Trust Waco Texas bought a new stake in shares of Invesco Emerging Markets Sovereign Debt ETF in the 1st quarter worth about $212,000. Sequent Planning LLC raised its stake in shares of Invesco Emerging Markets Sovereign Debt ETF by 4.6% in the 1st quarter. Sequent Planning LLC now owns 10,474 shares of the company’s stock valued at $219,000 after purchasing an additional 465 shares in the last quarter. Independent Financial Group LLC acquired a new stake in shares of Invesco Emerging Markets Sovereign Debt ETF in the 1st quarter valued at about $266,000. Finally, Arete Wealth Advisors LLC lifted its position in shares of Invesco Emerging Markets Sovereign Debt ETF by 31.8% during the first quarter. Arete Wealth Advisors LLC now owns 14,621 shares of the company’s stock worth $306,000 after purchasing an additional 3,525 shares during the last quarter. Institutional investors own 69.00% of the company’s stock.

About Invesco Emerging Markets Sovereign Debt ETF

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Invesco Emerging Markets Sovereign Debt ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco Emerging Markets Sovereign Debt ETF and related companies with MarketBeat.com's FREE daily email newsletter.