Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH) Reaches New 1-Year High – Should You Buy?

Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH) reached a new 52-week high during trading on Wednesday . The stock traded as high as $23.40 and last traded at $23.39, with a volume of 14464 shares trading hands. The stock had previously closed at $23.22.

Invesco RAFI Emerging Markets ETF Stock Down 1.1%

The business has a 50-day moving average price of $21.76 and a two-hundred day moving average price of $21.40. The firm has a market cap of $1.40 billion, a PE ratio of 9.66 and a beta of 0.61.

Hedge Funds Weigh In On Invesco RAFI Emerging Markets ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. purchased a new stake in Invesco RAFI Emerging Markets ETF during the first quarter valued at about $37,000. Private Trust Co. NA increased its position in shares of Invesco RAFI Emerging Markets ETF by 629.2% in the 1st quarter. Private Trust Co. NA now owns 1,750 shares of the company’s stock worth $38,000 after purchasing an additional 1,510 shares during the last quarter. NorthRock Partners LLC bought a new position in Invesco RAFI Emerging Markets ETF during the 1st quarter worth approximately $45,000. Fairway Wealth LLC bought a new stake in Invesco RAFI Emerging Markets ETF during the first quarter valued at $46,000. Finally, Jones Financial Companies Lllp raised its stake in Invesco RAFI Emerging Markets ETF by 98.6% during the fourth quarter. Jones Financial Companies Lllp now owns 4,226 shares of the company’s stock worth $87,000 after acquiring an additional 2,098 shares during the period.

About Invesco 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.