Invesco FTSE RAFI Emerging Markets ETF (NYSEARCA:PXH) Sees Large Volume Increase – Still a Buy?

Invesco FTSE RAFI Emerging Markets ETF (NYSEARCA:PXH) saw unusually-high trading volume on Tuesday . Approximately 105,099 shares were traded during trading, a decline of 63% from the previous session’s volume of 286,496 shares.The stock last traded at $19.98 and had previously closed at $19.78.

Invesco FTSE RAFI Emerging Markets ETF Stock Performance

The business’s 50 day moving average is $20.77 and its 200-day moving average is $20.86. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 7.54 and a beta of 0.82.

Institutional Investors Weigh In On Invesco FTSE RAFI Emerging Markets ETF

Institutional investors have recently bought and sold shares of the company. BNP Paribas Financial Markets purchased a new position in Invesco FTSE RAFI Emerging Markets ETF in the 3rd quarter valued at $27,000. Farther Finance Advisors LLC raised its position in shares of 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 buying an additional 1,584 shares during the last quarter. Massmutual Trust Co. FSB ADV purchased a new position in shares of Invesco FTSE RAFI Emerging Markets ETF in the third quarter worth about $44,000. Larson Financial Group LLC boosted its position in Invesco FTSE RAFI Emerging Markets ETF by 286.7% during the third quarter. Larson Financial Group LLC now owns 2,695 shares of the company’s stock worth $59,000 after acquiring an additional 1,998 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Invesco FTSE RAFI Emerging Markets ETF by 31.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,511 shares of the company’s stock valued at $143,000 after acquiring an additional 1,564 shares in the last quarter.

Invesco FTSE 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.