Invesco FTSE RAFI Emerging Markets ETF (NYSEARCA:PXH) Hits New 52-Week High – Time to Buy?

Invesco FTSE RAFI Emerging Markets ETF (NYSEARCA:PXH) shares reached a new 52-week high on Monday . The stock traded as high as $23.47 and last traded at $23.47, with a volume of 503 shares traded. The stock had previously closed at $21.45.

Invesco FTSE RAFI Emerging Markets ETF Trading Down 2.0 %

The stock has a fifty day moving average of $21.45 and a 200-day moving average of $20.82. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 7.54 and a beta of 0.82.

Hedge Funds Weigh In On Invesco FTSE RAFI Emerging Markets ETF

A number of institutional investors have recently bought and sold shares of PXH. Daiwa Securities Group Inc. lifted its stake in Invesco FTSE RAFI Emerging Markets ETF by 8.4% during the third quarter. Daiwa Securities Group Inc. now owns 1,295,500 shares of the company’s stock valued at $28,436,000 after buying an additional 100,000 shares in the last quarter. Goldstein Advisors LLC lifted its position in shares of Invesco FTSE RAFI Emerging Markets ETF by 1.3% in the 2nd quarter. Goldstein Advisors LLC now owns 569,049 shares of the company’s stock valued at $11,523,000 after acquiring an additional 7,340 shares in the last quarter. Cidel Asset Management Inc. lifted its position in shares of Invesco FTSE RAFI Emerging Markets ETF by 7.5% in the 2nd quarter. Cidel Asset Management Inc. now owns 405,201 shares of the company’s stock valued at $8,205,000 after acquiring an additional 28,146 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Invesco FTSE RAFI Emerging Markets ETF by 7.6% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 252,976 shares of the company’s stock worth $5,553,000 after purchasing an additional 17,888 shares during the period. Finally, Johnson & White Wealth Management LLC grew its position in Invesco FTSE RAFI Emerging Markets ETF by 6.9% during the 3rd quarter. Johnson & White Wealth Management LLC now owns 240,520 shares of the company’s stock worth $5,279,000 after purchasing an additional 15,592 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.