Invesco FTSE RAFI Emerging Markets ETF (NYSEARCA:PXH) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Invesco FTSE RAFI Emerging Markets ETF (NYSEARCA:PXH) saw strong trading volume on Tuesday . 490,580 shares changed hands during trading, an increase of 168% from the previous session’s volume of 182,789 shares.The stock last traded at $20.90 and had previously closed at $21.01.

Invesco FTSE RAFI Emerging Markets ETF Stock Down 0.6 %

The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 7.54 and a beta of 0.82. The business’s fifty day moving average is $21.50 and its 200 day moving average is $20.84.

Institutional Trading of Invesco FTSE RAFI Emerging Markets ETF

Several institutional investors and hedge funds have recently bought and sold shares of PXH. MML Investors Services LLC raised its holdings in shares of Invesco FTSE RAFI Emerging Markets ETF by 16.1% during the 3rd quarter. MML Investors Services LLC now owns 14,724 shares of the company’s stock worth $323,000 after buying an additional 2,046 shares in the last quarter. Jane Street Group LLC grew its holdings in Invesco FTSE RAFI Emerging Markets ETF by 12.6% in the third quarter. Jane Street Group LLC now owns 400,109 shares of the company’s stock worth $8,782,000 after purchasing an additional 44,801 shares during the period. HighTower Advisors LLC increased its holdings in shares of Invesco FTSE RAFI Emerging Markets ETF by 5.4% during the third quarter. HighTower Advisors LLC now owns 550,721 shares of the company’s stock valued at $12,088,000 after acquiring an additional 28,041 shares in the last quarter. Captrust Financial Advisors lifted its position in Invesco FTSE RAFI Emerging Markets ETF by 1.0% in the 3rd quarter. Captrust Financial Advisors now owns 398,240 shares of the company’s stock valued at $8,741,000 after acquiring an additional 4,122 shares in the last quarter. Finally, Fiduciary Trust Co lifted its stake in Invesco FTSE RAFI Emerging Markets ETF by 32.2% during the 3rd quarter. Fiduciary Trust Co now owns 97,692 shares of the company’s stock valued at $2,144,000 after acquiring an additional 23,815 shares in the last quarter.

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.