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

Invesco FTSE RAFI Emerging Markets ETF (NYSEARCA:PXH) saw unusually-strong trading volume on Wednesday . Approximately 392,725 shares changed hands during trading, an increase of 115% from the previous session’s volume of 182,467 shares.The stock last traded at $21.26 and had previously closed at $21.33.

Invesco FTSE RAFI Emerging Markets ETF Stock Performance

The firm has a market capitalization of $1.32 billion, a PE ratio of 7.54 and a beta of 0.82. The company has a fifty day moving average price of $21.42 and a 200-day moving average price of $20.85.

Institutional Trading of Invesco FTSE RAFI Emerging Markets ETF

Large investors have recently made changes to their positions in the business. JFS Wealth Advisors LLC grew its holdings in Invesco FTSE RAFI Emerging Markets ETF by 4.7% during the 3rd 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 grew its stake in Invesco FTSE RAFI Emerging Markets ETF by 3.7% in the second quarter. Mercer Global Advisors Inc. ADV now owns 30,557 shares of the company’s stock worth $619,000 after purchasing an additional 1,100 shares in the last quarter. BNP Paribas Financial Markets purchased a new position in Invesco FTSE RAFI Emerging Markets ETF during the 3rd quarter worth $27,000. Comerica Bank raised its position in Invesco FTSE RAFI Emerging Markets ETF by 98.2% during the 1st quarter. Comerica Bank now owns 2,797 shares of the company’s stock valued at $54,000 after purchasing an additional 1,386 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Invesco FTSE RAFI Emerging Markets ETF by 7,542.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,605 shares of the company’s stock worth $35,000 after buying an additional 1,584 shares during the period.

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.