Invesco FTSE RAFI Emerging Markets ETF (NYSEARCA:PXH) Sees Unusually-High Trading Volume

Invesco FTSE RAFI Emerging Markets ETF (NYSEARCA:PXH) shares saw an uptick in trading volume on Thursday . 79,684 shares changed hands during mid-day trading, a decline of 60% from the previous session’s volume of 201,037 shares.The stock last traded at $20.21 and had previously closed at $20.21.

Invesco FTSE RAFI Emerging Markets ETF Trading Down 0.2 %

The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of 7.54 and a beta of 0.82. The firm has a 50 day moving average price of $20.42 and a two-hundred day moving average price of $19.52.

Hedge Funds Weigh In On Invesco FTSE RAFI Emerging Markets ETF

Several hedge funds and other institutional investors have recently modified their holdings of PXH. Tower Research Capital LLC TRC lifted its position in Invesco FTSE RAFI Emerging Markets ETF by 352.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,688 shares of the company’s stock worth $32,000 after acquiring an additional 1,315 shares in the last quarter. Johnson Financial Group Inc. lifted its position in Invesco FTSE RAFI Emerging Markets ETF by 538.7% during the 4th quarter. Johnson Financial Group Inc. now owns 1,782 shares of the company’s stock worth $34,000 after acquiring an additional 1,503 shares in the last quarter. First Horizon Advisors Inc. acquired a new position in Invesco FTSE RAFI Emerging Markets ETF during the 4th quarter worth approximately $48,000. Comerica Bank lifted its position in 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 acquiring an additional 1,386 shares in the last quarter. Finally, Global Retirement Partners LLC acquired a new position in Invesco FTSE RAFI Emerging Markets ETF during the 1st quarter worth approximately $93,000.

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.