Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH) Sees Unusually-High Trading Volume – Here’s Why

Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH) saw strong trading volume on Wednesday . 3,115,915 shares were traded during trading, an increase of 664% from the previous session’s volume of 407,959 shares.The stock last traded at $28.4830 and had previously closed at $28.30.

Invesco RAFI Emerging Markets ETF Stock Performance

The firm’s fifty day moving average price is $26.78 and its 200 day moving average price is $25.76. The firm has a market cap of $1.93 billion, a P/E ratio of 10.43 and a beta of 0.60.

Institutional Trading of Invesco RAFI Emerging Markets ETF

A number of hedge funds have recently bought and sold shares of the stock. PNC Financial Services Group Inc. purchased a new position in shares of Invesco RAFI Emerging Markets ETF in the 4th quarter valued at $25,000. CBIZ Investment Advisory Services LLC purchased a new stake in shares of Invesco RAFI Emerging Markets ETF during the 4th quarter worth $26,000. Brown Brothers Harriman & Co. purchased a new stake in shares of Invesco RAFI Emerging Markets ETF during the 4th quarter worth $27,000. Blue Trust Inc. bought a new stake in Invesco RAFI Emerging Markets ETF during the third quarter valued at about $32,000. Finally, Advisory Services Network LLC bought a new stake in Invesco RAFI Emerging Markets ETF during the third quarter valued at about $36,000.

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.