Mirae Asset Global Investments Co. Ltd. Purchases New Shares in Invesco Emerging Markets Sovereign Debt ETF $PCY

Mirae Asset Global Investments Co. Ltd. acquired a new position in Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) during the third quarter, HoldingsChannel reports. The institutional investor acquired 355,000 shares of the company’s stock, valued at approximately $7,057,000.

Several other hedge funds have also modified their holdings of PCY. Bank of America Corp DE boosted its position in shares of Invesco Emerging Markets Sovereign Debt ETF by 4.5% during the 1st quarter. Bank of America Corp DE now owns 23,615,035 shares of the company’s stock valued at $493,554,000 after acquiring an additional 1,019,832 shares during the last quarter. Annex Advisory Services LLC grew its holdings in shares of Invesco Emerging Markets Sovereign Debt ETF by 5.3% in the second quarter. Annex Advisory Services LLC now owns 4,214,276 shares of the company’s stock valued at $91,239,000 after purchasing an additional 211,608 shares in the last quarter. Advisors Preferred LLC grew its holdings in shares of Invesco Emerging Markets Sovereign Debt ETF by 314.5% in the first quarter. Advisors Preferred LLC now owns 511,065 shares of the company’s stock valued at $10,681,000 after purchasing an additional 387,756 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of Invesco Emerging Markets Sovereign Debt ETF by 744.6% in the first quarter. Cetera Investment Advisers now owns 394,670 shares of the company’s stock valued at $8,249,000 after purchasing an additional 347,944 shares in the last quarter. Finally, Waverly Advisors LLC increased its position in Invesco Emerging Markets Sovereign Debt ETF by 0.8% in the second quarter. Waverly Advisors LLC now owns 338,938 shares of the company’s stock worth $7,338,000 after purchasing an additional 2,562 shares during the last quarter. 69.00% of the stock is owned by hedge funds and other institutional investors.

Invesco Emerging Markets Sovereign Debt ETF Stock Performance

Shares of PCY opened at $20.47 on Friday. The company’s fifty day moving average is $20.41 and its 200 day moving average is $21.18. Invesco Emerging Markets Sovereign Debt ETF has a fifty-two week low of $19.68 and a fifty-two week high of $22.18.

Invesco Emerging Markets Sovereign Debt ETF 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.