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

Invesco FTSE RAFI Emerging Markets ETF (NYSEARCA:PXH) saw unusually-strong trading volume on Tuesday . Approximately 490,580 shares were traded during mid-day 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 0.1 %

The stock has a market capitalization of $1.30 billion, a P/E ratio of 7.54 and a beta of 0.82. The stock’s 50 day moving average price is $21.55 and its 200-day moving average price is $20.84.

Hedge Funds 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. BNP Paribas Financial Markets acquired a new stake in shares of Invesco FTSE RAFI Emerging Markets ETF in the 3rd quarter worth $27,000. Farther Finance Advisors LLC boosted its holdings in Invesco FTSE RAFI Emerging Markets ETF by 7,542.9% in the third quarter. Farther Finance Advisors LLC now owns 1,605 shares of the company’s stock worth $35,000 after acquiring an additional 1,584 shares in the last quarter. Massmutual Trust Co. FSB ADV purchased a new stake in shares of Invesco FTSE RAFI Emerging Markets ETF during the third quarter worth about $44,000. Comerica Bank grew its stake in shares of Invesco FTSE RAFI Emerging Markets ETF by 98.2% during the first quarter. Comerica Bank now owns 2,797 shares of the company’s stock worth $54,000 after acquiring an additional 1,386 shares during the last quarter. Finally, Larson Financial Group LLC increased its holdings in shares of Invesco FTSE RAFI Emerging Markets ETF by 286.7% during the third quarter. Larson Financial Group LLC now owns 2,695 shares of the company’s stock valued at $59,000 after acquiring an additional 1,998 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.