Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH) Reaches New 12-Month High – Still a Buy?

Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $28.61 and last traded at $28.56, with a volume of 3326745 shares. The stock had previously closed at $28.30.

Invesco RAFI Emerging Markets ETF Stock Up 0.9%

The firm has a market cap of $1.97 billion, a price-to-earnings ratio of 10.43 and a beta of 0.60. The company has a 50-day moving average price of $26.69 and a 200 day moving average price of $25.71.

Hedge Funds Weigh In On Invesco RAFI Emerging Markets ETF

Several institutional investors and hedge funds have recently bought and sold shares of PXH. Brighton Jones LLC boosted its holdings in shares of Invesco RAFI Emerging Markets ETF by 15.6% during the fourth quarter. Brighton Jones LLC now owns 11,893 shares of the company’s stock worth $244,000 after purchasing an additional 1,608 shares during the period. Revolve Wealth Partners LLC purchased a new stake in shares of Invesco RAFI Emerging Markets ETF during the fourth quarter worth $358,000. Royal Bank of Canada boosted its position in Invesco RAFI Emerging Markets ETF by 38.5% during the first quarter. Royal Bank of Canada now owns 385,081 shares of the company’s stock valued at $8,372,000 after purchasing an additional 107,132 shares during the last quarter. NewEdge Advisors LLC grew its stake in Invesco RAFI Emerging Markets ETF by 2.8% in the first quarter. NewEdge Advisors LLC now owns 50,475 shares of the company’s stock valued at $1,097,000 after purchasing an additional 1,371 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in Invesco RAFI Emerging Markets ETF in the 1st quarter worth about $4,740,000.

Invesco 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.