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

Invesco FTSE RAFI Emerging Markets ETF (NYSEARCA:PXH) shares saw strong trading volume on Wednesday . 229,270 shares changed hands during trading, a decline of 14% from the previous session’s volume of 267,573 shares.The stock last traded at $20.62 and had previously closed at $20.60.

Invesco FTSE RAFI Emerging Markets ETF Stock Up 0.4 %

The stock has a fifty day moving average of $20.68 and a 200-day moving average of $20.85. The firm has a market capitalization of $1.29 billion, a P/E ratio of 7.54 and a beta of 0.82.

Hedge Funds Weigh In On Invesco FTSE RAFI Emerging Markets ETF

Several hedge funds have recently made changes to their positions in PXH. Mercer Global Advisors Inc. ADV grew its holdings in shares of Invesco FTSE RAFI Emerging Markets ETF by 3.7% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 30,557 shares of the company’s stock valued at $619,000 after acquiring an additional 1,100 shares in the last quarter. Evergreen Capital Management LLC bought a new stake in Invesco FTSE RAFI Emerging Markets ETF during the second quarter worth $283,000. Susquehanna International Group LLP lifted its stake in Invesco FTSE RAFI Emerging Markets ETF by 111.9% in the 2nd quarter. Susquehanna International Group LLP now owns 239,655 shares of the company’s stock valued at $4,853,000 after purchasing an additional 126,536 shares during the last quarter. Creative Planning grew its holdings in Invesco FTSE RAFI Emerging Markets ETF by 20.4% during the second quarter. Creative Planning now owns 85,186 shares of the company’s stock worth $1,725,000 after purchasing an additional 14,418 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its position in Invesco FTSE RAFI Emerging Markets ETF by 14.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 19,485 shares of the company’s stock worth $395,000 after buying an additional 2,527 shares during 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.