Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH) Sees Strong Trading Volume – Should You Buy?

Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH) saw an uptick in trading volume on Tuesday . Approximately 488,981 shares traded hands during trading, an increase of 55% from the previous session’s volume of 315,318 shares.The stock last traded at $28.16 and had previously closed at $28.90.

Invesco RAFI Emerging Markets ETF Stock Performance

The company has a 50-day moving average of $28.80 and a 200-day moving average of $27.63. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of 10.43 and a beta of 0.55.

Institutional Investors Weigh In On Invesco RAFI Emerging Markets ETF

Several hedge funds have recently modified their holdings of PXH. NewEdge Advisors LLC increased its stake in Invesco RAFI Emerging Markets ETF by 5.2% in the 1st quarter. NewEdge Advisors LLC now owns 54,388 shares of the company’s stock valued at $1,464,000 after buying an additional 2,678 shares during the period. Western Wealth Management LLC acquired a new stake in shares of Invesco RAFI Emerging Markets ETF in the 1st quarter worth $32,000. Bank of America Corp DE boosted its holdings in shares of Invesco RAFI Emerging Markets ETF by 6.1% in the first quarter. Bank of America Corp DE now owns 1,686,830 shares of the company’s stock valued at $45,393,000 after acquiring an additional 96,377 shares in the last quarter. Rivernorth Capital Management LLC increased its stake in shares of Invesco RAFI Emerging Markets ETF by 5.4% during the first quarter. Rivernorth Capital Management LLC now owns 58,576 shares of the company’s stock worth $1,576,000 after acquiring an additional 2,976 shares during the period. Finally, Quantinno Capital Management LP increased its stake in shares of Invesco RAFI Emerging Markets ETF by 8.1% during the first quarter. Quantinno Capital Management LP now owns 30,961 shares of the company’s stock worth $833,000 after acquiring an additional 2,309 shares during the period.

About Invesco RAFI Emerging Markets ETF

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.