Invesco FTSE RAFI Emerging Markets ETF (NYSEARCA:PXH) Sees Large Volume Increase – Here’s Why

Shares of Invesco FTSE RAFI Emerging Markets ETF (NYSEARCA:PXH) saw strong trading volume on Monday . 591,828 shares traded hands during mid-day trading, an increase of 216% from the previous session’s volume of 187,250 shares.The stock last traded at $20.61 and had previously closed at $20.48.

Invesco FTSE RAFI Emerging Markets ETF Trading Up 0.8 %

The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 7.54 and a beta of 0.82. The firm has a 50-day moving average of $21.23 and a 200 day moving average of $20.86.

Hedge Funds Weigh In On Invesco FTSE RAFI Emerging Markets ETF

Several hedge funds have recently modified their holdings of PXH. BNP Paribas Financial Markets acquired a new position in shares of Invesco FTSE RAFI Emerging Markets ETF during the 3rd quarter valued at $27,000. Farther Finance Advisors LLC boosted its stake in shares of Invesco FTSE RAFI Emerging Markets ETF by 7,542.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,605 shares of the company’s stock worth $35,000 after acquiring an additional 1,584 shares in the last quarter. Massmutual Trust Co. FSB ADV bought a new stake in shares of Invesco FTSE RAFI Emerging Markets ETF during the 3rd quarter worth $44,000. Larson Financial Group LLC boosted its stake in shares of Invesco FTSE RAFI Emerging Markets ETF by 286.7% during the 3rd quarter. Larson Financial Group LLC now owns 2,695 shares of the company’s stock worth $59,000 after acquiring an additional 1,998 shares in the last quarter. Finally, Asset Dedication LLC bought a new stake in shares of Invesco FTSE RAFI Emerging Markets ETF during the 2nd quarter worth $176,000.

Invesco FTSE 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.