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

Shares of Invesco FTSE RAFI Emerging Markets ETF (NYSEARCA:PXH) saw unusually-high trading volume on Monday . Approximately 591,828 shares traded hands during trading, an increase of 216% from the previous session’s volume of 187,250 shares.The stock last traded at $20.61 and had previously closed at $20.48.

Invesco FTSE RAFI Emerging Markets ETF Stock Performance

The company has a market cap of $1.30 billion, a PE ratio of 7.54 and a beta of 0.82. The company’s 50 day moving average price is $21.18 and its 200-day moving average price is $20.87.

Institutional Trading of Invesco FTSE RAFI Emerging Markets ETF

A number of institutional investors have recently added to or reduced their stakes in PXH. Larson Financial Group LLC grew its stake in Invesco FTSE RAFI Emerging Markets ETF by 286.7% in the 3rd quarter. Larson Financial Group LLC now owns 2,695 shares of the company’s stock worth $59,000 after buying an additional 1,998 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in shares of Invesco FTSE RAFI Emerging Markets ETF during the 3rd quarter worth $27,000. Cerity Partners LLC grew its position in Invesco FTSE RAFI Emerging Markets ETF by 6.7% in the third quarter. Cerity Partners LLC now owns 52,655 shares of the company’s stock worth $1,156,000 after acquiring an additional 3,315 shares in the last quarter. MML Investors Services LLC increased its stake in Invesco FTSE RAFI Emerging Markets ETF by 16.1% in the third quarter. MML Investors Services LLC now owns 14,724 shares of the company’s stock valued at $323,000 after acquiring an additional 2,046 shares during the last quarter. Finally, Johnson & White Wealth Management LLC raised its position in Invesco FTSE RAFI Emerging Markets ETF by 6.9% during the third quarter. Johnson & White Wealth Management LLC now owns 240,520 shares of the company’s stock valued at $5,279,000 after purchasing an additional 15,592 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.