Invesco FTSE RAFI Emerging Markets ETF (NYSEARCA:PXH) Sees Strong Trading Volume – Here’s Why

Posted by Dante Gardener on Oct 18th, 2024

Shares of Invesco FTSE RAFI Emerging Markets ETF (NYSEARCA:PXH – Get Free Report) saw an uptick in trading volume on Wednesday . 130,676 shares were traded during mid-day trading, a decline of 30% from the previous session’s volume of 186,712 shares.The stock last traded at $21.85 and had previously closed at $21.51.

Invesco FTSE RAFI Emerging Markets ETF Stock Performance

The stock has a market cap of $1.35 billion, a price-to-earnings ratio of 7.54 and a beta of 0.82. The business has a 50-day simple moving average of $21.08 and a two-hundred day simple moving average of $20.53.

Institutional Investors Weigh In On Invesco FTSE RAFI Emerging Markets ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in PXH. Massmutual Trust Co. FSB ADV bought a new position in shares of Invesco FTSE RAFI Emerging Markets ETF in the 3rd quarter valued at about $44,000. Comerica Bank raised its stake in shares of Invesco FTSE RAFI Emerging Markets ETF by 98.2% during the 1st quarter. Comerica Bank now owns 2,797 shares of the company’s stock worth $54,000 after purchasing an additional 1,386 shares in the last quarter. Asset Dedication LLC acquired a new stake in shares of Invesco FTSE RAFI Emerging Markets ETF in the 2nd quarter valued at approximately $176,000. Austin Wealth Management LLC acquired a new position in Invesco FTSE RAFI Emerging Markets ETF during the first quarter worth $210,000. Finally, Flagstar Advisors Inc. increased its holdings in Invesco FTSE RAFI Emerging Markets ETF by 7.7% during the first quarter. Flagstar Advisors Inc. now owns 10,818 shares of the company’s stock worth $211,000 after buying an additional 776 shares during the last quarter.

About Invesco FTSE RAFI Emerging Markets ETF

(Get Free Report)

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.