Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH) Sets New 1-Year High – Still a Buy?

Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $26.46 and last traded at $26.3960, with a volume of 8963 shares trading hands. The stock had previously closed at $26.36.

Invesco RAFI Emerging Markets ETF Stock Up 0.1%

The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 10.43 and a beta of 0.60. The company has a 50-day moving average price of $25.47 and a 200-day moving average price of $24.05.

Institutional Trading of Invesco RAFI Emerging Markets ETF

A number of institutional investors have recently made changes to their positions in PXH. Blue Trust Inc. purchased a new position in Invesco RAFI Emerging Markets ETF in the 3rd quarter worth about $32,000. Assetmark Inc. boosted its position in shares of Invesco RAFI Emerging Markets ETF by 664.0% in the third quarter. Assetmark Inc. now owns 1,551 shares of the company’s stock worth $39,000 after buying an additional 1,348 shares during the period. RMG Wealth Management LLC purchased a new position in shares of Invesco RAFI Emerging Markets ETF during the second quarter valued at $41,000. Geneos Wealth Management Inc. acquired a new position in Invesco RAFI Emerging Markets ETF during the first quarter valued at $37,000. Finally, Farther Finance Advisors LLC lifted its stake in Invesco RAFI Emerging Markets ETF by 257.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,800 shares of the company’s stock worth $46,000 after acquiring an additional 1,296 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.