Invesco FTSE RAFI Emerging Markets ETF (NYSEARCA:PXH) Sees Strong Trading Volume

Invesco FTSE RAFI Emerging Markets ETF (NYSEARCA:PXH) saw strong trading volume on Thursday . 589,198 shares were traded during mid-day trading, an increase of 187% from the previous session’s volume of 204,952 shares.The stock last traded at $19.94 and had previously closed at $20.20.

Invesco FTSE RAFI Emerging Markets ETF Price Performance

The stock has a 50 day simple moving average of $20.43 and a two-hundred day simple moving average of $19.82. The company has a market cap of $1.23 billion, a PE ratio of 7.54 and a beta of 0.82.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC grew its holdings in Invesco FTSE RAFI Emerging Markets ETF by 352.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,688 shares of the company’s stock worth $32,000 after acquiring an additional 1,315 shares during the period. Johnson Financial Group Inc. grew its holdings in Invesco FTSE RAFI Emerging Markets ETF by 538.7% in the fourth quarter. Johnson Financial Group Inc. now owns 1,782 shares of the company’s stock valued at $34,000 after purchasing an additional 1,503 shares during the last quarter. First Horizon Advisors Inc. acquired a new stake in Invesco FTSE RAFI Emerging Markets ETF in the fourth quarter valued at $48,000. Comerica Bank grew its holdings in Invesco FTSE RAFI Emerging Markets ETF by 98.2% in the first quarter. Comerica Bank now owns 2,797 shares of the company’s stock valued at $54,000 after purchasing an additional 1,386 shares during the last quarter. Finally, Global Retirement Partners LLC acquired a new stake in Invesco FTSE RAFI Emerging Markets ETF in the first quarter valued at $93,000.

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.