Northwestern Mutual Wealth Management Co. Buys 112,988 Shares of Invesco RAFI Emerging Markets ETF $PXH

Northwestern Mutual Wealth Management Co. lifted its stake in Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH) by 294.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 151,335 shares of the company’s stock after buying an additional 112,988 shares during the period. Northwestern Mutual Wealth Management Co. owned about 0.22% of Invesco RAFI Emerging Markets ETF worth $3,906,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of PXH. Brighton Jones LLC grew its position in Invesco RAFI Emerging Markets ETF by 15.6% in the fourth quarter. Brighton Jones LLC now owns 11,893 shares of the company’s stock valued at $244,000 after acquiring an additional 1,608 shares during the period. Revolve Wealth Partners LLC acquired a new position in Invesco RAFI Emerging Markets ETF during the fourth quarter worth $358,000. Royal Bank of Canada lifted its holdings in shares of 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 valued at $8,372,000 after acquiring an additional 107,132 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of 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 acquiring an additional 1,371 shares during the period. Finally, Jane Street Group LLC acquired a new stake in shares of Invesco RAFI Emerging Markets ETF in the 1st quarter valued at $4,740,000.

Invesco RAFI Emerging Markets ETF Stock Performance

PXH opened at $29.38 on Friday. The firm has a market cap of $2.01 billion, a price-to-earnings ratio of 10.43 and a beta of 0.55. The firm’s 50-day simple moving average is $28.32 and its 200-day simple moving average is $27.35. Invesco RAFI Emerging Markets ETF has a twelve month low of $22.62 and a twelve month high of $30.11.

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.