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

Invesco FTSE RAFI Emerging Markets ETF (NYSEARCA:PXH) shares saw unusually-high trading volume on Wednesday . Approximately 229,270 shares were traded during mid-day trading, a decline of 14% from the previous session’s volume of 267,573 shares.The stock last traded at $20.62 and had previously closed at $20.60.

Invesco FTSE RAFI Emerging Markets ETF Stock Performance

The company’s fifty day simple moving average is $20.68 and its two-hundred day simple moving average is $20.86. The stock has a market capitalization of $1.29 billion, a P/E ratio of 7.54 and a beta of 0.82.

Institutional Investors Weigh In On Invesco FTSE RAFI Emerging Markets ETF

A number of large investors have recently added to or reduced their stakes in the stock. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Invesco FTSE RAFI Emerging Markets ETF by 3.7% in the second quarter. Mercer Global Advisors Inc. ADV now owns 30,557 shares of the company’s stock worth $619,000 after acquiring an additional 1,100 shares during the last quarter. Evergreen Capital Management LLC acquired a new position in Invesco FTSE RAFI Emerging Markets ETF during the 2nd quarter worth approximately $283,000. Susquehanna International Group LLP lifted its stake in Invesco FTSE RAFI Emerging Markets ETF by 111.9% in the 2nd quarter. Susquehanna International Group LLP now owns 239,655 shares of the company’s stock valued at $4,853,000 after purchasing an additional 126,536 shares during the last quarter. Creative Planning grew its stake in shares of Invesco FTSE RAFI Emerging Markets ETF by 20.4% during the second quarter. Creative Planning now owns 85,186 shares of the company’s stock worth $1,725,000 after buying an additional 14,418 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of Invesco FTSE RAFI Emerging Markets ETF by 14.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 19,485 shares of the company’s stock worth $395,000 after buying an additional 2,527 shares in the last quarter.

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.