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

Shares of Invesco FTSE RAFI Emerging Markets ETF (NYSEARCA:PXH) saw strong trading volume on Monday . 591,828 shares traded hands during trading, an increase of 216% from the previous session’s volume of 187,250 shares.The stock last traded at $20.61 and had previously closed at $20.48.

Invesco FTSE RAFI Emerging Markets ETF Stock Performance

The firm has a market capitalization of $1.29 billion, a P/E ratio of 7.54 and a beta of 0.82. The firm has a 50 day moving average price of $21.23 and a two-hundred day moving average price of $20.86.

Institutional Trading of Invesco FTSE RAFI Emerging Markets ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. JFS Wealth Advisors LLC boosted its position in Invesco FTSE RAFI Emerging Markets ETF by 4.7% during the third quarter. JFS Wealth Advisors LLC now owns 14,533 shares of the company’s stock valued at $319,000 after purchasing an additional 657 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its position in Invesco FTSE RAFI Emerging Markets ETF by 3.7% during the second quarter. Mercer Global Advisors Inc. ADV now owns 30,557 shares of the company’s stock valued at $619,000 after purchasing an additional 1,100 shares during the last quarter. BNP Paribas Financial Markets acquired a new stake in Invesco FTSE RAFI Emerging Markets ETF during the third quarter valued at $27,000. Farther Finance Advisors LLC boosted its position in Invesco FTSE RAFI Emerging Markets ETF by 7,542.9% during 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 last quarter. Finally, Larson Financial Group LLC boosted its position in Invesco FTSE RAFI Emerging Markets ETF by 286.7% during the third quarter. Larson Financial Group LLC now owns 2,695 shares of the company’s stock valued at $59,000 after purchasing an additional 1,998 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.