Invesco FTSE RAFI Emerging Markets ETF (NYSEARCA:PXH) Sees Strong Trading Volume – Time to Buy?

Shares of Invesco FTSE RAFI Emerging Markets ETF (NYSEARCA:PXH) saw strong trading volume on Wednesday . 392,725 shares were traded during trading, an increase of 115% from the previous session’s volume of 182,467 shares.The stock last traded at $21.26 and had previously closed at $21.33.

Invesco FTSE RAFI Emerging Markets ETF Price Performance

The stock’s fifty day simple moving average is $21.47 and its 200-day simple moving average is $20.85. The company has a market capitalization of $1.33 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

Several hedge funds have recently made changes to their positions in the stock. FMR LLC lifted its stake in shares of Invesco FTSE RAFI Emerging Markets ETF by 6.5% in the third quarter. FMR LLC now owns 1,923,698 shares of the company’s stock valued at $42,225,000 after buying an additional 117,740 shares during the period. Daiwa Securities Group Inc. lifted its stake in shares of Invesco FTSE RAFI Emerging Markets ETF by 8.4% in the third 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 during the period. Goldstein Advisors LLC lifted its stake in shares of Invesco FTSE RAFI Emerging Markets ETF by 1.3% in the second quarter. Goldstein Advisors LLC now owns 569,049 shares of the company’s stock valued at $11,523,000 after buying an additional 7,340 shares during the period. HighTower Advisors LLC lifted its stake in shares of Invesco FTSE RAFI Emerging Markets ETF by 5.4% in the third 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 during the period. Finally, Cidel Asset Management Inc. lifted its stake in shares of Invesco FTSE RAFI Emerging Markets ETF by 7.5% in the second quarter. Cidel Asset Management Inc. now owns 405,201 shares of the company’s stock valued at $8,205,000 after buying an additional 28,146 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.