Invesco FTSE RAFI Emerging Markets ETF (NYSEARCA:PXH) Sees Unusually-High Trading Volume – What’s Next?

Invesco FTSE RAFI Emerging Markets ETF (NYSEARCA:PXH) shares saw strong trading volume on Wednesday . 229,270 shares were traded during mid-day trading, a decline of 14% from the previous session’s volume of 267,573 shares.The stock last traded at $20.62 and had previously closed at $20.60.

Invesco FTSE RAFI Emerging Markets ETF Price Performance

The firm has a market cap of $1.29 billion, a P/E ratio of 7.54 and a beta of 0.82. The company’s 50-day moving average is $20.68 and its two-hundred day moving average is $20.85.

Institutional Trading of Invesco FTSE RAFI Emerging Markets ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Revolve Wealth Partners LLC bought a new position in Invesco FTSE RAFI Emerging Markets ETF in the fourth quarter valued at approximately $358,000. Drive Wealth Management LLC boosted its holdings in shares of Invesco FTSE RAFI Emerging Markets ETF by 2.0% in the 4th quarter. Drive Wealth Management LLC now owns 71,266 shares of the company’s stock valued at $1,460,000 after purchasing an additional 1,388 shares in the last quarter. Brighton Jones LLC increased its stake in shares of Invesco FTSE RAFI Emerging Markets ETF by 15.6% in the 4th quarter. Brighton Jones LLC now owns 11,893 shares of the company’s stock valued at $244,000 after purchasing an additional 1,608 shares during the last quarter. Goldstein Advisors LLC raised its holdings in shares of Invesco FTSE RAFI Emerging Markets ETF by 3.8% during the 4th quarter. Goldstein Advisors LLC now owns 41,132 shares of the company’s stock worth $842,000 after buying an additional 1,487 shares in the last quarter. Finally, Lmcg Investments LLC lifted its position in shares of Invesco FTSE RAFI Emerging Markets ETF by 54.9% during the 4th quarter. Lmcg Investments LLC now owns 47,494 shares of the company’s stock worth $973,000 after buying an additional 16,836 shares during the last quarter.

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.