Financial Management Professionals Inc. Invests $2.31 Million in Invesco RAFI Emerging Markets ETF $PXH

Financial Management Professionals Inc. bought a new stake in shares of Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH) during the 3rd quarter, HoldingsChannel reports. The institutional investor bought 90,963 shares of the company’s stock, valued at approximately $2,312,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of PXH. Geneos Wealth Management Inc. purchased a new position in Invesco RAFI Emerging Markets ETF during the first quarter worth $37,000. RMG Wealth Management LLC bought a new stake in shares of Invesco RAFI Emerging Markets ETF in the 2nd quarter worth about $41,000. Farther Finance Advisors LLC boosted its stake in shares of Invesco RAFI Emerging Markets ETF by 257.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,800 shares of the company’s stock worth $46,000 after purchasing an additional 1,296 shares during the period. Ameritas Advisory Services LLC purchased a new position in shares of Invesco RAFI Emerging Markets ETF during the 2nd quarter worth about $47,000. Finally, Crewe Advisors LLC grew its holdings in Invesco RAFI Emerging Markets ETF by 71.4% during the 2nd quarter. Crewe Advisors LLC now owns 2,256 shares of the company’s stock valued at $53,000 after purchasing an additional 940 shares during the last quarter.

Invesco RAFI Emerging Markets ETF Price Performance

Invesco RAFI Emerging Markets ETF stock opened at $25.74 on Friday. The firm has a market capitalization of $1.69 billion, a P/E ratio of 10.43 and a beta of 0.60. Invesco RAFI Emerging Markets ETF has a 1-year low of $18.62 and a 1-year high of $26.52. The company’s 50-day moving average is $25.87 and its 200 day moving average is $24.85.

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.