Invesco FTSE RAFI Emerging Markets ETF (NYSEARCA:PXH) Hits New 12-Month High at $20.50

Invesco FTSE RAFI Emerging Markets ETF (NYSEARCA:PXH) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $20.50 and last traded at $20.50, with a volume of 121407 shares changing hands. The stock had previously closed at $20.34.

Invesco FTSE RAFI Emerging Markets ETF Stock Up 0.8 %

The company has a market cap of $1.28 billion, a PE ratio of 7.12 and a beta of 0.80. The stock’s 50 day moving average is $19.54 and its 200-day moving average is $18.87.

Institutional Investors Weigh In On Invesco FTSE RAFI Emerging Markets ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Sequoia Financial Advisors LLC increased its stake in Invesco FTSE RAFI Emerging Markets ETF by 46.6% in the 4th quarter. Sequoia Financial Advisors LLC now owns 47,945 shares of the company’s stock worth $916,000 after buying an additional 15,231 shares during the period. Cerity Partners LLC raised its position in shares of Invesco FTSE RAFI Emerging Markets ETF by 268.6% in the 4th quarter. Cerity Partners LLC now owns 48,935 shares of the company’s stock valued at $934,000 after purchasing an additional 35,659 shares during the last quarter. Lowe Wealth Advisors LLC raised its position in shares of Invesco FTSE RAFI Emerging Markets ETF by 4.0% in the 4th quarter. Lowe Wealth Advisors LLC now owns 36,960 shares of the company’s stock valued at $706,000 after purchasing an additional 1,425 shares during the last quarter. Capital Investment Advisory Services LLC raised its position in shares of Invesco FTSE RAFI Emerging Markets ETF by 7.1% in the 4th quarter. Capital Investment Advisory Services LLC now owns 8,559 shares of the company’s stock valued at $163,000 after purchasing an additional 564 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of Invesco FTSE RAFI Emerging Markets ETF by 0.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,234,400 shares of the company’s stock valued at $39,692,000 after purchasing an additional 11,930 shares during the last quarter.

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.