Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH) Hits New 1-Year High – Here’s Why

Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $28.15 and last traded at $28.11, with a volume of 311755 shares trading hands. The stock had previously closed at $27.66.

Invesco RAFI Emerging Markets ETF Stock Performance

The stock has a fifty day simple moving average of $26.21 and a two-hundred day simple moving average of $25.42. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of 10.43 and a beta of 0.60.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PXH. Charles Schwab Investment Management Inc. lifted its holdings in shares of Invesco RAFI Emerging Markets ETF by 9.7% in the second quarter. Charles Schwab Investment Management Inc. now owns 25,095,530 shares of the company’s stock worth $586,984,000 after acquiring an additional 2,215,819 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new position in Invesco RAFI Emerging Markets ETF during the 2nd quarter worth approximately $68,439,000. Ameriprise Financial Inc. lifted its stake in Invesco RAFI Emerging Markets ETF by 9.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,576,427 shares of the company’s stock valued at $65,478,000 after purchasing an additional 226,381 shares during the last quarter. Invesco Ltd. lifted its stake in Invesco RAFI Emerging Markets ETF by 11.2% in the 2nd quarter. Invesco Ltd. now owns 1,358,402 shares of the company’s stock valued at $31,773,000 after purchasing an additional 136,451 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its position in Invesco RAFI Emerging Markets ETF by 42.8% in the third quarter. Daiwa Securities Group Inc. now owns 1,335,500 shares of the company’s stock valued at $33,948,000 after buying an additional 400,000 shares in the last quarter.

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.