Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH – Get Free Report) saw an uptick in trading volume on Tuesday . Approximately 488,981 shares traded hands during mid-day 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 stock has a market capitalization of $1.93 billion, a price-to-earnings ratio of 10.43 and a beta of 0.55. The company has a 50 day moving average of $28.80 and a 200 day moving average of $27.61.
Hedge Funds Weigh In On Invesco RAFI Emerging Markets ETF
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. NewEdge Advisors LLC increased its stake in shares of Invesco RAFI Emerging Markets ETF by 5.2% during the first quarter. NewEdge Advisors LLC now owns 54,388 shares of the company’s stock worth $1,464,000 after buying an additional 2,678 shares during the period. Western Wealth Management LLC purchased a new position in Invesco RAFI Emerging Markets ETF in the first quarter worth approximately $32,000. Bank of America Corp DE grew its holdings in Invesco RAFI Emerging Markets ETF by 6.1% during the 1st quarter. Bank of America Corp DE now owns 1,686,830 shares of the company’s stock worth $45,393,000 after acquiring an additional 96,377 shares in the last quarter. Rivernorth Capital Management LLC grew its holdings in Invesco RAFI Emerging Markets ETF by 5.4% during the 1st 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 in the last quarter. Finally, Quantinno Capital Management LP increased its position in shares of Invesco RAFI Emerging Markets ETF by 8.1% in the 1st quarter. Quantinno Capital Management LP now owns 30,961 shares of the company’s stock valued at $833,000 after purchasing an additional 2,309 shares during the last quarter.
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.
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