Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH) Sets New 52-Week High – Here’s What Happened

Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH) reached a new 52-week high on Thursday . The stock traded as high as $27.48 and last traded at $27.4750, with a volume of 122366 shares trading hands. The stock had previously closed at $27.15.

Invesco RAFI Emerging Markets ETF Stock Up 1.3%

The company has a market cap of $1.87 billion, a P/E ratio of 10.43 and a beta of 0.60. The company has a fifty day moving average of $26.07 and a 200 day moving average of $25.29.

Institutional Investors Weigh In On Invesco RAFI Emerging Markets ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. ORG Partners LLC lifted its position in shares of Invesco RAFI Emerging Markets ETF by 35.2% in the third quarter. ORG Partners LLC now owns 73,035 shares of the company’s stock valued at $1,857,000 after acquiring an additional 19,018 shares in the last quarter. Golden State Wealth Management LLC raised its stake in Invesco RAFI Emerging Markets ETF by 67.1% during the second quarter. Golden State Wealth Management LLC now owns 8,535 shares of the company’s stock valued at $200,000 after purchasing an additional 3,427 shares in the last quarter. Quantum Portfolio Management LLC lifted its holdings in shares of Invesco RAFI Emerging Markets ETF by 130.1% in the 2nd quarter. Quantum Portfolio Management LLC now owns 91,016 shares of the company’s stock valued at $2,129,000 after acquiring an additional 51,465 shares during the last quarter. Charles Schwab Trust Co boosted its holdings in shares of Invesco RAFI Emerging Markets ETF by 6.0% in the 2nd quarter. Charles Schwab Trust Co now owns 78,742 shares of the company’s stock worth $1,842,000 after purchasing an additional 4,463 shares during the period. Finally, Cidel Asset Management Inc. boosted its stake in Invesco RAFI Emerging Markets ETF by 6.2% during the second quarter. Cidel Asset Management Inc. now owns 550,560 shares of the company’s stock worth $12,878,000 after buying an additional 32,039 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.