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

Invesco FTSE RAFI Emerging Markets ETF (NYSEARCA:PXH) saw an uptick in trading volume on Tuesday . 105,099 shares changed hands during mid-day trading, a decline of 63% from the previous session’s volume of 286,496 shares.The stock last traded at $19.98 and had previously closed at $19.78.

Invesco FTSE RAFI Emerging Markets ETF Stock Performance

The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of 7.54 and a beta of 0.82. The company has a fifty day simple moving average of $20.83 and a two-hundred day simple moving average of $20.86.

Institutional Trading of Invesco FTSE RAFI Emerging Markets ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets purchased a new position in shares of Invesco FTSE RAFI Emerging Markets ETF in the 3rd quarter worth $27,000. Farther Finance Advisors LLC raised 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 purchasing an additional 1,584 shares during the period. Massmutual Trust Co. FSB ADV acquired a new position in shares of Invesco FTSE RAFI Emerging Markets ETF in the 3rd quarter valued at about $44,000. Larson Financial Group LLC grew its holdings in shares of Invesco FTSE RAFI Emerging Markets ETF by 286.7% during the 3rd quarter. Larson Financial Group LLC now owns 2,695 shares of the company’s stock worth $59,000 after purchasing an additional 1,998 shares during the period. Finally, JPMorgan Chase & Co. increased its position in Invesco FTSE RAFI Emerging Markets ETF by 31.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,511 shares of the company’s stock worth $143,000 after purchasing an additional 1,564 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.