Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) Sets New 52-Week High – Should You Buy?

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

Invesco Emerging Markets Sovereign Debt ETF Stock Up 0.2%

The business has a fifty day moving average of $21.69 and a two-hundred day moving average of $21.55.

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 given 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. This represents a c) dividend on an annualized basis and a yield of 5.9%. The ex-dividend date was Tuesday, January 20th.

Institutional Investors Weigh In On Invesco Emerging Markets Sovereign Debt ETF

Several large investors have recently bought and sold shares of the company. Osaic Holdings Inc. lifted its position in shares of Invesco Emerging Markets Sovereign Debt ETF by 7.1% in the fourth quarter. Osaic Holdings Inc. now owns 113,761 shares of the company’s stock valued at $2,464,000 after acquiring an additional 7,533 shares in the last quarter. &PARTNERS boosted its stake in Invesco Emerging Markets Sovereign Debt ETF by 33.8% during the 4th quarter. &PARTNERS now owns 22,468 shares of the company’s stock worth $487,000 after purchasing an additional 5,678 shares during the last quarter. Royal Bank of Canada raised its position in shares of Invesco Emerging Markets Sovereign Debt ETF by 19.0% in the fourth quarter. Royal Bank of Canada now owns 83,075 shares of the company’s stock valued at $1,798,000 after buying an additional 13,288 shares during the last quarter. MML Investors Services LLC raised its position in shares of Invesco Emerging Markets Sovereign Debt ETF by 81.2% in the fourth quarter. MML Investors Services LLC now owns 74,685 shares of the company’s stock valued at $1,618,000 after buying an additional 33,477 shares during the last quarter. Finally, Mariner LLC lifted its stake in shares of Invesco Emerging Markets Sovereign Debt ETF by 11.1% in the fourth quarter. Mariner LLC now owns 68,327 shares of the company’s stock worth $1,480,000 after buying an additional 6,842 shares in the last quarter. 69.00% of the stock is currently owned by hedge funds and other institutional investors.

Invesco Emerging Markets Sovereign Debt ETF Company 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.