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 unusually-high trading volume on Tuesday . Approximately 158,326 shares were traded during trading, a decline of 16% from the previous session’s volume of 189,299 shares.The stock last traded at $22.61 and had previously closed at $22.81.

Invesco FTSE RAFI Emerging Markets ETF Price Performance

The business has a 50-day simple moving average of $21.28 and a two-hundred day simple moving average of $21.20. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 10.19 and a beta of 0.74.

Institutional Investors Weigh In On Invesco FTSE RAFI Emerging Markets ETF

Large investors have recently added to or reduced their stakes in the business. Atlas Legacy Advisors LLC acquired a new position in shares of Invesco FTSE RAFI Emerging Markets ETF in the fourth quarter valued at $10,282,000. Invesco Ltd. grew its stake in Invesco FTSE RAFI Emerging Markets ETF by 64.3% in the 4th quarter. Invesco Ltd. now owns 724,559 shares of the company’s stock valued at $14,839,000 after buying an additional 283,501 shares during the last quarter. OLD Mission Capital LLC raised its holdings in Invesco FTSE RAFI Emerging Markets ETF by 64.5% in the 4th quarter. OLD Mission Capital LLC now owns 592,316 shares of the company’s stock valued at $12,131,000 after acquiring an additional 232,198 shares during the period. Raymond James Financial Inc. acquired a new stake in Invesco FTSE RAFI Emerging Markets ETF during the fourth quarter worth approximately $4,536,000. Finally, CIBC Private Wealth Group LLC boosted its holdings in shares of Invesco FTSE RAFI Emerging Markets ETF by 4,084.8% during the fourth quarter. CIBC Private Wealth Group LLC now owns 169,611 shares of the company’s stock worth $3,437,000 after acquiring an additional 165,558 shares during the period.

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.