Invesco RAFI Emerging Markets ETF $PXH Stock: Professional Financial Management Inc. Reduces Position

Professional Financial Management Inc. lowered its position in Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH) by 33.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 107,962 shares of the company’s stock after selling 53,428 shares during the period. Invesco RAFI Emerging Markets ETF comprises about 3.2% of Professional Financial Management Inc.’s investment portfolio, making the stock its 12th biggest holding. Professional Financial Management Inc. owned 0.16% of Invesco RAFI Emerging Markets ETF worth $3,138,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of PXH. Citadel Advisors LLC lifted its holdings in Invesco RAFI Emerging Markets ETF by 155.7% in the second quarter. Citadel Advisors LLC now owns 146,110 shares of the company’s stock valued at $4,074,000 after acquiring an additional 88,971 shares during the period. Proficio Capital Partners LLC purchased a new position in Invesco RAFI Emerging Markets ETF in the second quarter worth about $1,637,000. Kinetic Wealth Investment Advisors LLC bought a new stake in shares of Invesco RAFI Emerging Markets ETF during the 2nd quarter valued at about $843,000. Cidel Asset Management Inc. grew its stake in shares of Invesco RAFI Emerging Markets ETF by 6.3% during the 2nd quarter. Cidel Asset Management Inc. now owns 658,764 shares of the company’s stock valued at $18,366,000 after purchasing an additional 38,952 shares during the period. Finally, Hyundai Investments Co. Ltd. bought a new stake in shares of Invesco RAFI Emerging Markets ETF during the 2nd quarter valued at about $1,000,000.

Invesco RAFI Emerging Markets ETF Stock Down 1.6%

NYSEARCA PXH opened at $28.74 on Friday. Invesco RAFI Emerging Markets ETF has a 52 week low of $25.08 and a 52 week high of $30.35. The firm has a market capitalization of $1.99 billion, a P/E ratio of 10.43 and a beta of 0.56. The company has a 50-day moving average price of $29.47 and a 200-day moving average price of $28.89.

Invesco RAFI Emerging Markets ETF 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.