Axiom Financial Strategies LLC Acquires Shares of 148,714 Invesco RAFI Emerging Markets ETF $PXH

Axiom Financial Strategies LLC acquired a new stake in Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 148,714 shares of the company’s stock, valued at approximately $3,780,000. Invesco RAFI Emerging Markets ETF accounts for about 1.6% of Axiom Financial Strategies LLC’s investment portfolio, making the stock its 15th biggest position.

A number of other hedge funds also recently modified their holdings of the stock. Blue Trust Inc. bought a new stake in shares of Invesco RAFI Emerging Markets ETF during the 3rd quarter worth about $32,000. Geneos Wealth Management Inc. bought a new position in Invesco RAFI Emerging Markets ETF in the 1st quarter valued at about $37,000. Assetmark Inc. lifted its position in Invesco RAFI Emerging Markets ETF by 664.0% during the third quarter. Assetmark Inc. now owns 1,551 shares of the company’s stock worth $39,000 after acquiring an additional 1,348 shares during the last quarter. Farther Finance Advisors LLC lifted its position in Invesco RAFI Emerging Markets ETF by 257.1% during the third quarter. Farther Finance Advisors LLC now owns 1,800 shares of the company’s stock worth $46,000 after acquiring an additional 1,296 shares during the last quarter. Finally, First Horizon Corp bought a new stake in shares of Invesco RAFI Emerging Markets ETF during the third quarter worth approximately $64,000.

Invesco RAFI Emerging Markets ETF Trading Down 0.7%

Invesco RAFI Emerging Markets ETF stock opened at $26.62 on Friday. Invesco RAFI Emerging Markets ETF has a 12 month low of $18.62 and a 12 month high of $28.98. The stock’s 50 day moving average is $27.56 and its 200-day moving average is $26.28. The company has a market capitalization of $1.83 billion, a price-to-earnings ratio of 10.43 and a beta of 0.60.

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.