Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH) Hits New 12-Month High – Should You Buy?

Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH) shares hit a new 52-week high on Friday . The company traded as high as $30.19 and last traded at $30.21, with a volume of 9362 shares trading hands. The stock had previously closed at $30.04.

Invesco RAFI Emerging Markets ETF Price Performance

The company has a market capitalization of $2.03 billion, a P/E ratio of 10.43 and a beta of 0.56. The stock’s 50 day moving average is $28.73 and its 200-day moving average is $28.33.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. purchased a new stake in Invesco RAFI Emerging Markets ETF in the fourth quarter worth $25,000. CBIZ Investment Advisory Services LLC bought a new stake in shares of Invesco RAFI Emerging Markets ETF during the 4th quarter valued at $26,000. Brown Brothers Harriman & Co. bought a new stake in shares of Invesco RAFI Emerging Markets ETF during the 4th quarter valued at $27,000. Western Wealth Management LLC purchased a new stake in shares of Invesco RAFI Emerging Markets ETF in the 1st quarter worth about $32,000. Finally, Advisory Services Network LLC bought a new position in shares of Invesco RAFI Emerging Markets ETF in the 3rd quarter worth 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.