Invesco FTSE RAFI Emerging Markets ETF (NYSEARCA:PXH) Sees Large Volume Increase – Still a Buy?

Invesco FTSE RAFI Emerging Markets ETF (NYSEARCA:PXH) shares saw unusually-high trading volume on Wednesday . Approximately 213,495 shares traded hands during trading, an increase of 13% from the previous session’s volume of 188,777 shares.The stock last traded at $21.72 and had previously closed at $22.15.

Invesco FTSE RAFI Emerging Markets ETF Trading Down 1.3 %

The stock has a market capitalization of $1.37 billion, a P/E ratio of 7.54 and a beta of 0.82. The stock’s 50 day simple moving average is $20.77 and its 200 day simple moving average is $20.42.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Johnson & White Wealth Management LLC lifted its position in shares of Invesco FTSE RAFI Emerging Markets ETF by 6.9% in the 3rd quarter. Johnson & White Wealth Management LLC now owns 240,520 shares of the company’s stock worth $5,279,000 after buying an additional 15,592 shares during the last quarter. Lowe Wealth Advisors LLC lifted its position in shares of Invesco FTSE RAFI Emerging Markets ETF by 13.8% in the 3rd quarter. Lowe Wealth Advisors LLC now owns 49,204 shares of the company’s stock worth $1,080,000 after buying an additional 5,972 shares during the last quarter. Massmutual Trust Co. FSB ADV bought a new stake in Invesco FTSE RAFI Emerging Markets ETF in the 3rd quarter valued at about $44,000. Northwestern Mutual Wealth Management Co. lifted its position in Invesco FTSE RAFI Emerging Markets ETF by 14.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 19,485 shares of the company’s stock valued at $395,000 after purchasing an additional 2,527 shares during the last quarter. Finally, Creative Planning lifted its position in Invesco FTSE RAFI Emerging Markets ETF by 20.4% in the 2nd quarter. Creative Planning now owns 85,186 shares of the company’s stock valued at $1,725,000 after purchasing an additional 14,418 shares during the last quarter.

About Invesco FTSE RAFI Emerging Markets ETF

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.