Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH) Reaches New 52-Week High – Still a Buy?

Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $26.79 and last traded at $26.8190, with a volume of 23773 shares changing hands. The stock had previously closed at $26.49.

Invesco RAFI Emerging Markets ETF Trading Up 1.6%

The company has a market cap of $1.82 billion, a price-to-earnings ratio of 10.43 and a beta of 0.60. The company has a fifty day moving average price of $25.94 and a two-hundred day moving average price of $25.11.

Institutional Investors Weigh In On Invesco RAFI Emerging Markets ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Brighton Jones LLC lifted its holdings in shares of Invesco RAFI Emerging Markets ETF by 15.6% during the 4th quarter. Brighton Jones LLC now owns 11,893 shares of the company’s stock worth $244,000 after acquiring an additional 1,608 shares during the period. Revolve Wealth Partners LLC bought a new position in Invesco RAFI Emerging Markets ETF during the fourth quarter worth about $358,000. Royal Bank of Canada lifted its stake in Invesco RAFI Emerging Markets ETF by 38.5% during the first quarter. Royal Bank of Canada now owns 385,081 shares of the company’s stock worth $8,372,000 after purchasing an additional 107,132 shares during the period. NewEdge Advisors LLC boosted its holdings in Invesco RAFI Emerging Markets ETF by 2.8% during the first quarter. NewEdge Advisors LLC now owns 50,475 shares of the company’s stock valued at $1,097,000 after purchasing an additional 1,371 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of Invesco RAFI Emerging Markets ETF in the 1st quarter valued at approximately $4,740,000.

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.