Invesco RAFI Emerging Markets ETF $PXH Stake Lessened by Professional Financial Management Inc.

Professional Financial Management Inc. lessened its holdings in shares of Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH) by 33.1% during the 3rd quarter, Holdings Channel reports. The firm owned 107,962 shares of the company’s stock after selling 53,428 shares during the period. Invesco RAFI Emerging Markets ETF comprises about 3.2% of Professional Financial Management Inc.’s portfolio, making the stock its 12th biggest holding. Professional Financial Management Inc.’s holdings in Invesco RAFI Emerging Markets ETF were worth $3,138,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in PXH. Sepio Capital LP bought a new position in Invesco RAFI Emerging Markets ETF in the 3rd quarter worth approximately $2,539,000. Root Financial Partners LLC purchased a new stake in Invesco RAFI Emerging Markets ETF during the 3rd quarter valued at approximately $238,000. Lmcg Investments LLC purchased a new stake in Invesco RAFI Emerging Markets ETF during the 3rd quarter valued at approximately $3,783,000. Integrated Advisors Network LLC purchased a new stake in Invesco RAFI Emerging Markets ETF during the 3rd quarter valued at approximately $1,476,000. Finally, Net Worth Advisory Group purchased a new stake in Invesco RAFI Emerging Markets ETF during the 3rd quarter valued at approximately $963,000.

Invesco RAFI Emerging Markets ETF Price Performance

Invesco RAFI Emerging Markets ETF stock opened at $28.74 on Friday. The stock has a market cap of $1.99 billion, a P/E ratio of 10.43 and a beta of 0.56. Invesco RAFI Emerging Markets ETF has a 1 year low of $25.08 and a 1 year high of $30.35. The firm’s 50 day moving average price is $29.47 and its 200-day moving average price is $28.89.

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.