Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH) Hits New 52-Week High – Time to Buy?

Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH)’s stock price hit a new 52-week high on Wednesday . The company traded as high as $28.15 and last traded at $28.11, with a volume of 311755 shares trading hands. The stock had previously closed at $27.66.

Invesco RAFI Emerging Markets ETF Stock Up 0.1%

The stock has a market cap of $1.93 billion, a price-to-earnings ratio of 10.43 and a beta of 0.60. The stock’s fifty day moving average is $26.32 and its 200-day moving average is $25.46.

Institutional Trading of Invesco RAFI Emerging Markets ETF

Several hedge funds have recently added to or reduced their stakes in PXH. Ashton Thomas Private Wealth LLC lifted its holdings in Invesco RAFI Emerging Markets ETF by 28.5% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 52,191 shares of the company’s stock worth $1,347,000 after acquiring an additional 11,571 shares in the last quarter. Atlas Legacy Advisors LLC raised its position in shares of Invesco RAFI Emerging Markets ETF by 11.0% during the fourth quarter. Atlas Legacy Advisors LLC now owns 223,504 shares of the company’s stock worth $5,767,000 after purchasing an additional 22,173 shares during the period. UBS Group AG lifted its holdings in shares of Invesco RAFI Emerging Markets ETF by 11.6% during the 4th quarter. UBS Group AG now owns 580,834 shares of the company’s stock valued at $14,991,000 after purchasing an additional 60,363 shares in the last quarter. Sanctuary Advisors LLC lifted its holdings in shares of Invesco RAFI Emerging Markets ETF by 21.0% during the 4th quarter. Sanctuary Advisors LLC now owns 61,921 shares of the company’s stock valued at $1,598,000 after purchasing an additional 10,760 shares in the last quarter. Finally, Trademark Financial Management LLC grew its position in shares of Invesco RAFI Emerging Markets ETF by 10.7% in the 4th quarter. Trademark Financial Management LLC now owns 45,593 shares of the company’s stock valued at $1,177,000 after purchasing an additional 4,416 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.