Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) Sees Large Volume Increase – Here’s Why

Shares of Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) saw unusually-strong trading volume on Thursday . Approximately 2,285,968 shares traded hands during trading, an increase of 295% from the previous session’s volume of 578,531 shares.The stock last traded at $22.0050 and had previously closed at $22.07.

Invesco Emerging Markets Sovereign Debt ETF Stock Up 0.0%

The firm’s 50 day moving average is $21.72 and its two-hundred day moving average is $21.58.

Invesco Emerging Markets Sovereign Debt ETF Increases Dividend

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

Hedge Funds Weigh In On Invesco Emerging Markets Sovereign Debt ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Realta Investment Advisors boosted its position in Invesco Emerging Markets Sovereign Debt ETF by 104.9% during the third quarter. Realta Investment Advisors now owns 1,164 shares of the company’s stock valued at $25,000 after acquiring an additional 596 shares during the last quarter. CWM LLC boosted its position in shares of Invesco Emerging Markets Sovereign Debt ETF by 528.3% during the second quarter. CWM LLC now owns 1,596 shares of the company’s stock valued at $33,000 after buying an additional 1,342 shares during the last quarter. Qube Research & Technologies Ltd purchased a new stake in shares of Invesco Emerging Markets Sovereign Debt ETF in the second quarter valued at about $52,000. PNC Financial Services Group Inc. boosted its position in Invesco Emerging Markets Sovereign Debt ETF by 29.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,219 shares of the company’s stock worth $113,000 after purchasing an additional 1,177 shares during the last quarter. Finally, Sound Income Strategies LLC increased its stake in shares of Invesco Emerging Markets Sovereign Debt ETF by 60.0% during the 3rd quarter. Sound Income Strategies LLC now owns 6,672 shares of the company’s stock worth $144,000 after purchasing an additional 2,501 shares during the last quarter. Institutional investors and hedge funds 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.