Invesco FTSE RAFI Emerging Markets ETF (NYSEARCA:PXH) Sees Large Volume Increase – Should You Buy?

Invesco FTSE RAFI Emerging Markets ETF (NYSEARCA:PXH) shares saw unusually-high trading volume on Wednesday . Approximately 229,270 shares changed hands during mid-day trading, a decline of 14% from the previous session’s volume of 267,573 shares.The stock last traded at $20.62 and had previously closed at $20.60.

Invesco FTSE RAFI Emerging Markets ETF Stock Performance

The company has a fifty day simple moving average of $20.68 and a 200 day simple moving average of $20.86. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 7.54 and a beta of 0.82.

Institutional Investors Weigh In On Invesco FTSE RAFI Emerging Markets ETF

Several large investors have recently modified their holdings of the company. FMR LLC lifted its position in shares of Invesco FTSE RAFI Emerging Markets ETF by 6.5% during the 3rd quarter. FMR LLC now owns 1,923,698 shares of the company’s stock valued at $42,225,000 after acquiring an additional 117,740 shares during the period. Daiwa Securities Group Inc. raised its stake in Invesco FTSE RAFI Emerging Markets ETF by 8.4% during the 3rd quarter. Daiwa Securities Group Inc. now owns 1,295,500 shares of the company’s stock worth $28,436,000 after buying an additional 100,000 shares during the period. HighTower Advisors LLC raised its stake in Invesco FTSE RAFI Emerging Markets ETF by 5.4% during the 3rd quarter. HighTower Advisors LLC now owns 550,721 shares of the company’s stock worth $12,088,000 after buying an additional 28,041 shares during the period. Jane Street Group LLC boosted its holdings in Invesco FTSE RAFI Emerging Markets ETF by 12.6% in the third quarter. Jane Street Group LLC now owns 400,109 shares of the company’s stock worth $8,782,000 after acquiring an additional 44,801 shares in the last quarter. Finally, Captrust Financial Advisors grew its stake in Invesco FTSE RAFI Emerging Markets ETF by 1.0% in the third quarter. Captrust Financial Advisors now owns 398,240 shares of the company’s stock valued at $8,741,000 after acquiring an additional 4,122 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.