Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH) Hits New 1-Year High – Should You Buy?

Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH)’s share price 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 changing hands. The stock had previously closed at $28.30.

Invesco RAFI Emerging Markets ETF Trading Down 0.5%

The business’s fifty day simple moving average is $26.78 and its 200 day simple moving average is $25.76. The stock has a market cap of $1.93 billion, a P/E ratio of 10.43 and a beta of 0.60.

Institutional Trading of Invesco RAFI Emerging Markets ETF

A number of hedge funds and other institutional investors have recently modified their holdings of PXH. Virtus Family Office LLC boosted its holdings in Invesco RAFI Emerging Markets ETF by 82.1% during the third quarter. Virtus Family Office LLC now owns 255,033 shares of the company’s stock worth $6,483,000 after buying an additional 115,003 shares during the last quarter. ORG Partners LLC raised its position in shares of Invesco RAFI Emerging Markets ETF by 35.2% in the 3rd quarter. ORG Partners LLC now owns 73,035 shares of the company’s stock valued at $1,857,000 after acquiring an additional 19,018 shares during the period. Golden State Wealth Management LLC boosted its stake in Invesco RAFI Emerging Markets ETF by 67.1% during the 2nd quarter. Golden State Wealth Management LLC now owns 8,535 shares of the company’s stock worth $200,000 after acquiring an additional 3,427 shares during the last quarter. TrueMark Investments LLC bought a new position in Invesco RAFI Emerging Markets ETF during the 3rd quarter worth approximately $1,379,000. Finally, Quantum Portfolio Management LLC grew its holdings in Invesco RAFI Emerging Markets ETF by 130.1% during the second quarter. Quantum Portfolio Management LLC now owns 91,016 shares of the company’s stock valued at $2,129,000 after purchasing an additional 51,465 shares during the period.

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.