Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH) Sees Unusually-High Trading Volume – Here’s Why

Shares of Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH) saw an uptick in trading volume on Wednesday . 3,115,915 shares changed hands during trading, an increase of 664% from the previous session’s volume of 407,959 shares.The stock last traded at $28.4830 and had previously closed at $28.30.

Invesco RAFI Emerging Markets ETF Trading Up 1.0%

The company has a market cap of $1.97 billion, a price-to-earnings ratio of 10.43 and a beta of 0.60. The stock has a 50-day simple moving average of $26.64 and a 200-day simple moving average of $25.69.

Institutional Trading of Invesco RAFI Emerging Markets ETF

Institutional investors have recently made changes to their positions in the stock. Brighton Jones LLC raised its holdings in Invesco RAFI Emerging Markets ETF by 15.6% during the fourth quarter. Brighton Jones LLC now owns 11,893 shares of the company’s stock worth $244,000 after purchasing an additional 1,608 shares in the last quarter. Revolve Wealth Partners LLC acquired a new stake in shares of Invesco RAFI Emerging Markets ETF during the fourth quarter worth $358,000. Royal Bank of Canada lifted its holdings in shares of Invesco RAFI Emerging Markets ETF by 38.5% during the first quarter. Royal Bank of Canada now owns 385,081 shares of the company’s stock valued at $8,372,000 after purchasing an additional 107,132 shares during the last quarter. NewEdge Advisors LLC lifted its stake in Invesco RAFI Emerging Markets ETF by 2.8% during the first quarter. NewEdge Advisors LLC now owns 50,475 shares of the company’s stock valued at $1,097,000 after buying an additional 1,371 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of Invesco RAFI Emerging Markets ETF in the first quarter worth approximately $4,740,000.

Invesco 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.