Invesco FTSE RAFI Emerging Markets ETF (NYSEARCA:PXH) Sees Large Volume Increase – Should You Buy?

Invesco FTSE RAFI Emerging Markets ETF (NYSEARCA:PXH) saw strong trading volume on Tuesday . 194,850 shares were traded during mid-day trading, an increase of 6% from the previous session’s volume of 184,612 shares.The stock last traded at $21.88 and had previously closed at $21.69.

Invesco FTSE RAFI Emerging Markets ETF Stock Performance

The business’s 50-day moving average is $21.16 and its 200-day moving average is $21.16. The company has a market capitalization of $1.27 billion, a PE ratio of 10.19 and a beta of 0.74.

Hedge Funds Weigh In On Invesco FTSE RAFI Emerging Markets ETF

A number of hedge funds have recently bought and sold shares of PXH. BNP Paribas Financial Markets bought a new stake in shares of Invesco FTSE RAFI Emerging Markets ETF in the 3rd quarter worth $27,000. Farther Finance Advisors LLC lifted its stake in Invesco FTSE RAFI Emerging Markets ETF by 7,542.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,605 shares of the company’s stock valued at $35,000 after acquiring an additional 1,584 shares during the period. Larson Financial Group LLC lifted its stake in Invesco FTSE RAFI Emerging Markets ETF by 286.7% during the 3rd quarter. Larson Financial Group LLC now owns 2,695 shares of the company’s stock valued at $59,000 after acquiring an additional 1,998 shares during the period. Jones Financial Companies Lllp boosted its holdings in shares of Invesco FTSE RAFI Emerging Markets ETF by 98.6% during the 4th quarter. Jones Financial Companies Lllp now owns 4,226 shares of the company’s stock valued at $87,000 after acquiring an additional 2,098 shares during the last quarter. Finally, CoreCap Advisors LLC grew its stake in shares of Invesco FTSE RAFI Emerging Markets ETF by 41.7% in the fourth quarter. CoreCap Advisors LLC now owns 4,409 shares of the company’s stock worth $90,000 after acquiring an additional 1,297 shares during the period.

Invesco FTSE RAFI Emerging Markets ETF Company Profile

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.