Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) Reaches New 12-Month Low – Time to Sell?

Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY)’s stock price hit a new 52-week low during mid-day trading on Wednesday. The company traded as low as $20.00 and last traded at $20.05, with a volume of 2379689 shares changing hands. The stock had previously closed at $20.10.

Invesco Emerging Markets Sovereign Debt ETF Price Performance

The company has a 50-day simple moving average of $20.88 and a 200 day simple moving average of $21.22.

Hedge Funds Weigh In On Invesco Emerging Markets Sovereign Debt ETF

Large investors have recently made changes to their positions in the company. Bank of America Corp DE grew its position in Invesco Emerging Markets Sovereign Debt ETF by 4.5% during the first quarter. Bank of America Corp DE now owns 23,615,035 shares of the company’s stock valued at $493,554,000 after buying an additional 1,019,832 shares during the period. Annex Advisory Services LLC boosted its stake in shares of Invesco Emerging Markets Sovereign Debt ETF by 5.3% during the 2nd quarter. Annex Advisory Services LLC now owns 4,214,276 shares of the company’s stock worth $91,239,000 after acquiring an additional 211,608 shares in the last quarter. Syon Capital LLC grew its position in shares of Invesco Emerging Markets Sovereign Debt ETF by 0.9% during the 4th quarter. Syon Capital LLC now owns 1,308,476 shares of the company’s stock valued at $28,342,000 after acquiring an additional 11,744 shares during the period. Advisors Preferred LLC grew its position in shares of Invesco Emerging Markets Sovereign Debt ETF by 314.5% during the 1st quarter. Advisors Preferred LLC now owns 511,065 shares of the company’s stock valued at $10,681,000 after acquiring an additional 387,756 shares during the period. Finally, Cetera Investment Advisers grew its position in shares of Invesco Emerging Markets Sovereign Debt ETF by 744.6% during the 1st quarter. Cetera Investment Advisers now owns 394,670 shares of the company’s stock valued at $8,249,000 after acquiring an additional 347,944 shares during the period. 69.00% of the stock is currently owned by institutional investors and hedge funds.

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.