Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) Share Price Crosses Below 50 Day Moving Average – Time to Sell?

Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) passed below its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $20.36 and traded as low as $20.22. Invesco Emerging Markets Sovereign Debt ETF shares last traded at $20.23, with a volume of 301,747 shares changing hands.

Invesco Emerging Markets Sovereign Debt ETF Price Performance

The company has a 50 day simple moving average of $20.36 and a 200-day simple moving average of $21.15.

Institutional Investors Weigh In On Invesco Emerging Markets Sovereign Debt ETF

Hedge funds have recently made changes to their positions in the business. Fifth Third Bancorp boosted its stake in shares of Invesco Emerging Markets Sovereign Debt ETF by 0.9% in the 1st quarter. Fifth Third Bancorp now owns 71,621 shares of the company’s stock valued at $1,497,000 after purchasing an additional 606 shares in the last quarter. Kestra Advisory Services LLC grew its holdings in shares of Invesco Emerging Markets Sovereign Debt ETF by 5.3% during the 3rd quarter. Kestra Advisory Services LLC now owns 12,609 shares of the company’s stock valued at $251,000 after purchasing an additional 640 shares during the last quarter. Net Worth Advisory Group grew its holdings in shares of Invesco Emerging Markets Sovereign Debt ETF by 2.2% during the 3rd quarter. Net Worth Advisory Group now owns 29,744 shares of the company’s stock valued at $590,000 after purchasing an additional 644 shares during the last quarter. Sanctuary Advisors LLC raised its position in Invesco Emerging Markets Sovereign Debt ETF by 2.7% in the 1st quarter. Sanctuary Advisors LLC now owns 36,279 shares of the company’s stock worth $758,000 after purchasing an additional 942 shares during the period. Finally, Legacy Wealth Asset Management LLC raised its position in Invesco Emerging Markets Sovereign Debt ETF by 3.0% in the 2nd quarter. Legacy Wealth Asset Management LLC now owns 38,965 shares of the company’s stock worth $844,000 after purchasing an additional 1,147 shares during the period. 69.00% of the stock is currently owned by institutional investors.

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.