Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH) Sets New 52-Week High – Here’s Why

Shares of Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $28.61 and last traded at $28.56, with a volume of 3326745 shares trading hands. The stock had previously closed at $28.30.

Invesco RAFI Emerging Markets ETF Price Performance

The business has a 50 day moving average price of $26.69 and a 200 day moving average price of $25.71. The firm has a market capitalization of $1.97 billion, a P/E ratio of 10.43 and a beta of 0.60.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in PXH. PNC Financial Services Group Inc. bought a new stake in shares of Invesco RAFI Emerging Markets ETF in the fourth quarter valued at approximately $25,000. CBIZ Investment Advisory Services LLC acquired a new position in Invesco RAFI Emerging Markets ETF during the 4th quarter valued at $26,000. Blue Trust Inc. bought a new stake in Invesco RAFI Emerging Markets ETF in the 3rd quarter valued at $32,000. Advisory Services Network LLC bought a new stake in Invesco RAFI Emerging Markets ETF in the 3rd quarter valued at $36,000. Finally, Geneos Wealth Management Inc. acquired a new stake in Invesco RAFI Emerging Markets ETF in the 1st quarter worth $37,000.

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.