Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) Hits New 52-Week High at $21.23

Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $21.23 and last traded at $21.17, with a volume of 20043 shares changing hands. The stock had previously closed at $21.22.

Invesco Emerging Markets Sovereign Debt ETF Stock Performance

The firm has a 50-day simple moving average of $20.71 and a two-hundred day simple moving average of $20.39.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC purchased a new stake in shares of Invesco Emerging Markets Sovereign Debt ETF in the second quarter valued at about $1,238,000. Truist Financial Corp acquired a new stake in Invesco Emerging Markets Sovereign Debt ETF in the second quarter valued at approximately $202,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of Invesco Emerging Markets Sovereign Debt ETF during the 2nd quarter worth about $336,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Invesco Emerging Markets Sovereign Debt ETF by 15.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,799 shares of the company’s stock worth $76,000 after buying an additional 519 shares during the last quarter. Finally, Evergreen Capital Management LLC acquired a new stake in shares of Invesco Emerging Markets Sovereign Debt ETF in the 2nd quarter valued at about $5,847,000.

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.