Wealthfront Advisers LLC Buys 23,841 Shares of Invesco RAFI Emerging Markets ETF $PXH

Wealthfront Advisers LLC raised its stake in Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH) by 81.5% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 53,078 shares of the company’s stock after buying an additional 23,841 shares during the period. Wealthfront Advisers LLC’s holdings in Invesco RAFI Emerging Markets ETF were worth $1,428,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Brighton Jones LLC increased its position 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 acquiring an additional 1,608 shares during the period. Revolve Wealth Partners LLC purchased a new stake in shares of Invesco RAFI Emerging Markets ETF in the fourth quarter valued at approximately $358,000. Royal Bank of Canada boosted its holdings in shares of Invesco RAFI Emerging Markets ETF by 38.5% in 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 period. 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 worth $1,097,000 after purchasing an additional 1,371 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in Invesco RAFI Emerging Markets ETF in the first quarter worth approximately $4,740,000.

Invesco RAFI Emerging Markets ETF Stock Up 0.2%

PXH opened at $28.15 on Tuesday. The stock’s fifty day moving average is $28.55 and its two-hundred day moving average is $27.91. The company has a market capitalization of $1.89 billion, a P/E ratio of 10.43 and a beta of 0.56. Invesco RAFI Emerging Markets ETF has a 52 week low of $23.40 and a 52 week high of $30.11.

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.