Invesco FTSE RAFI Emerging Markets ETF (NYSEARCA:PXH) Sees Strong Trading Volume – Here’s Why

Shares of Invesco FTSE RAFI Emerging Markets ETF (NYSEARCA:PXH) saw strong trading volume on Tuesday . 194,850 shares were traded during mid-day trading, an increase of 6% from the previous session’s volume of 184,612 shares.The stock last traded at $21.88 and had previously closed at $21.69.

Invesco FTSE RAFI Emerging Markets ETF Stock Performance

The firm’s fifty day simple moving average is $21.08 and its 200 day simple moving average is $21.14. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of 10.19 and a beta of 0.74.

Institutional Investors Weigh In On Invesco FTSE RAFI Emerging Markets ETF

Several institutional investors have recently bought and sold shares of the company. BNP Paribas Financial Markets bought a new position in shares of Invesco FTSE RAFI Emerging Markets ETF in the 3rd quarter valued at about $27,000. Farther Finance Advisors LLC grew its stake in Invesco FTSE RAFI Emerging Markets ETF by 7,542.9% in the third quarter. Farther Finance Advisors LLC now owns 1,605 shares of the company’s stock valued at $35,000 after purchasing an additional 1,584 shares in the last quarter. Larson Financial Group LLC increased its position in shares of Invesco FTSE RAFI Emerging Markets ETF by 286.7% during the 3rd quarter. Larson Financial Group LLC now owns 2,695 shares of the company’s stock worth $59,000 after purchasing an additional 1,998 shares during the last quarter. Jones Financial Companies Lllp raised its stake in shares of Invesco FTSE RAFI Emerging Markets ETF by 98.6% during the 4th quarter. Jones Financial Companies Lllp now owns 4,226 shares of the company’s stock worth $87,000 after purchasing an additional 2,098 shares in the last quarter. Finally, CoreCap Advisors LLC boosted its holdings in shares of Invesco FTSE RAFI Emerging Markets ETF by 41.7% in the 4th quarter. CoreCap Advisors LLC now owns 4,409 shares of the company’s stock valued at $90,000 after buying an additional 1,297 shares during the last quarter.

About Invesco FTSE 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.