Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH) Hits New 12-Month High – Should You Buy?

Invesco RAFI Emerging Markets ETF (NYSEARCA:PXHGet Free Report) reached a new 52-week high on Tuesday . The company traded as high as $26.46 and last traded at $26.3960, with a volume of 8963 shares traded. The stock had previously closed at $26.36.

Invesco RAFI Emerging Markets ETF Price Performance

The firm has a market capitalization of $1.73 billion, a PE ratio of 10.43 and a beta of 0.60. The company has a fifty day moving average of $25.47 and a 200-day moving average of $24.05.

Hedge Funds Weigh In On Invesco RAFI Emerging Markets ETF

A number of institutional investors have recently modified their holdings of the company. MAI Capital Management boosted its holdings in shares of Invesco RAFI Emerging Markets ETF by 2,317.6% during the 3rd quarter. MAI Capital Management now owns 79,973 shares of the company’s stock worth $2,033,000 after buying an additional 76,665 shares during the period. Rollins Financial Advisors LLC acquired a new position in Invesco RAFI Emerging Markets ETF during the 3rd quarter worth $477,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in Invesco RAFI Emerging Markets ETF during the third quarter valued at about $207,000. Maridea Wealth Management LLC grew its position in shares of Invesco RAFI Emerging Markets ETF by 30.3% in the third quarter. Maridea Wealth Management LLC now owns 14,027 shares of the company’s stock valued at $362,000 after purchasing an additional 3,264 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in Invesco RAFI Emerging Markets ETF by 1.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 41,289 shares of the company’s stock worth $1,050,000 after purchasing an additional 773 shares during the last quarter.

Invesco RAFI Emerging Markets ETF Company Profile

(Get Free Report)

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.

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