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

Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH) saw unusually-high trading volume on Wednesday . Approximately 3,115,915 shares changed hands during mid-day trading, an increase of 664% from the previous session’s volume of 407,959 shares.The stock last traded at $28.4830 and had previously closed at $28.30.

Invesco RAFI Emerging Markets ETF Trading Up 1.0%

The stock has a market capitalization of $1.97 billion, a PE ratio of 10.43 and a beta of 0.60. The firm’s 50-day simple moving average is $26.64 and its two-hundred day simple moving average is $25.69.

Institutional Trading of Invesco RAFI Emerging Markets ETF

A number of hedge funds have recently made changes to their positions in PXH. Virtus Family Office LLC boosted its stake in shares of Invesco RAFI Emerging Markets ETF by 82.1% during the 3rd quarter. Virtus Family Office LLC now owns 255,033 shares of the company’s stock valued at $6,483,000 after buying an additional 115,003 shares during the period. ORG Partners LLC raised its holdings in shares of Invesco RAFI Emerging Markets ETF by 35.2% during the third quarter. ORG Partners LLC now owns 73,035 shares of the company’s stock worth $1,857,000 after acquiring an additional 19,018 shares in the last quarter. Golden State Wealth Management LLC boosted its position in Invesco RAFI Emerging Markets ETF by 67.1% during the second quarter. Golden State Wealth Management LLC now owns 8,535 shares of the company’s stock valued at $200,000 after purchasing an additional 3,427 shares during the last quarter. Quantum Portfolio Management LLC grew its stake in Invesco RAFI Emerging Markets ETF by 130.1% in the second quarter. Quantum Portfolio Management LLC now owns 91,016 shares of the company’s stock valued at $2,129,000 after purchasing an additional 51,465 shares in the last quarter. Finally, TrueMark Investments LLC purchased a new position in Invesco RAFI Emerging Markets ETF in the third quarter valued at about $1,379,000.

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.