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

Invesco FTSE RAFI Emerging Markets ETF (NYSEARCA:PXH) saw strong trading volume on Tuesday . 490,580 shares changed hands during mid-day trading, an increase of 168% from the previous session’s volume of 182,789 shares.The stock last traded at $20.90 and had previously closed at $21.01.

Invesco FTSE RAFI Emerging Markets ETF Stock Down 0.1 %

The stock has a fifty day simple moving average of $21.55 and a 200 day simple moving average of $20.84. The firm has a market capitalization of $1.30 billion, a P/E ratio of 7.54 and a beta of 0.82.

Institutional Trading of Invesco FTSE RAFI Emerging Markets ETF

Hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets bought a new stake in Invesco FTSE RAFI Emerging Markets ETF in the third quarter worth $27,000. Farther Finance Advisors LLC boosted its holdings 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 purchasing an additional 1,584 shares during the period. Massmutual Trust Co. FSB ADV purchased a new position in Invesco FTSE RAFI Emerging Markets ETF during the 3rd quarter worth $44,000. Comerica Bank raised its position in Invesco FTSE RAFI Emerging Markets ETF by 98.2% during the 1st quarter. Comerica Bank now owns 2,797 shares of the company’s stock valued at $54,000 after purchasing an additional 1,386 shares in the last quarter. Finally, Larson Financial Group LLC lifted its holdings in shares of Invesco FTSE RAFI Emerging Markets ETF by 286.7% in the 3rd quarter. Larson Financial Group LLC now owns 2,695 shares of the company’s stock worth $59,000 after buying an additional 1,998 shares during the period.

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.