Invesco FTSE RAFI Emerging Markets ETF (NYSEARCA:PXH) Sees Unusually-High Trading Volume – What’s Next?

Shares of Invesco FTSE RAFI Emerging Markets ETF (NYSEARCA:PXH) saw an uptick in trading volume on Tuesday . 218,669 shares changed hands during trading, an increase of 23% from the previous session’s volume of 177,936 shares.The stock last traded at $20.55 and had previously closed at $20.47.

Invesco FTSE RAFI Emerging Markets ETF Stock Performance

The stock has a 50 day moving average price of $20.91 and a 200 day moving average price of $20.87. The company has a market capitalization of $1.27 billion, a P/E ratio of 7.54 and a beta of 0.82.

Institutional Investors Weigh In On Invesco FTSE RAFI Emerging Markets ETF

Hedge funds have recently modified their holdings of the stock. FMR LLC boosted its position in Invesco FTSE RAFI Emerging Markets ETF by 6.5% during the third quarter. FMR LLC now owns 1,923,698 shares of the company’s stock worth $42,225,000 after purchasing an additional 117,740 shares during the period. Daiwa Securities Group Inc. grew its stake in Invesco FTSE RAFI Emerging Markets ETF by 8.4% in the 3rd quarter. Daiwa Securities Group Inc. now owns 1,295,500 shares of the company’s stock valued at $28,436,000 after buying an additional 100,000 shares in the last quarter. HighTower Advisors LLC grew its stake in Invesco FTSE RAFI Emerging Markets ETF by 5.4% in the 3rd quarter. HighTower Advisors LLC now owns 550,721 shares of the company’s stock valued at $12,088,000 after buying an additional 28,041 shares in the last quarter. Jane Street Group LLC raised its holdings in Invesco FTSE RAFI Emerging Markets ETF by 12.6% during the 3rd quarter. Jane Street Group LLC now owns 400,109 shares of the company’s stock valued at $8,782,000 after acquiring an additional 44,801 shares during the period. Finally, Captrust Financial Advisors lifted its position in shares of Invesco FTSE RAFI Emerging Markets ETF by 1.0% during the third quarter. Captrust Financial Advisors now owns 398,240 shares of the company’s stock worth $8,741,000 after acquiring an additional 4,122 shares in the last quarter.

About Invesco FTSE RAFI Emerging Markets ETF

The Invesco FTSE RAFI Emerging Markets ETF (PXH) is an exchange-traded fund that is based on the FTSE RAFI Emerging index. The fund tracks an index of emerging market companies selected and weighted based on a fundamental methodology. PXH was launched on Sep 27, 2007 and is managed by Invesco.