Invesco FTSE RAFI Emerging Markets ETF (NYSEARCA:PXH) Sees Strong Trading Volume – Here’s Why

Shares of Invesco FTSE RAFI Emerging Markets ETF (NYSEARCA:PXH) saw an uptick in trading volume on Friday . 1,226,899 shares were traded during trading, an increase of 535% from the previous session’s volume of 193,284 shares.The stock last traded at $20.21 and had previously closed at $21.37.

Invesco FTSE RAFI Emerging Markets ETF Stock Down 5.6 %

The stock’s 50 day moving average price is $21.73 and its 200-day moving average price is $21.35. The stock has a market capitalization of $1.17 billion, a PE ratio of 10.34 and a beta of 0.74.

Invesco FTSE RAFI Emerging Markets ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were paid a $0.1191 dividend. The ex-dividend date of this dividend was Monday, March 24th.

Institutional Investors Weigh In On Invesco FTSE RAFI Emerging Markets ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets bought a new position in Invesco FTSE RAFI Emerging Markets ETF during the third quarter valued at approximately $27,000. Jones Financial Companies Lllp grew its holdings in shares of Invesco FTSE RAFI Emerging Markets ETF by 98.6% in the fourth quarter. Jones Financial Companies Lllp now owns 4,226 shares of the company’s stock valued at $87,000 after purchasing an additional 2,098 shares in the last quarter. CoreCap Advisors LLC raised its stake in Invesco FTSE RAFI Emerging Markets ETF by 41.7% during the fourth quarter. CoreCap Advisors LLC now owns 4,409 shares of the company’s stock valued at $90,000 after purchasing an additional 1,297 shares in the last quarter. Johnson Financial Group Inc. bought a new position in Invesco FTSE RAFI Emerging Markets ETF during the fourth quarter valued at $112,000. Finally, PNC Financial Services Group Inc. grew its stake in shares of Invesco FTSE RAFI Emerging Markets ETF by 42.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 6,058 shares of the company’s stock worth $124,000 after buying an additional 1,819 shares in 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.