Invesco FTSE RAFI Emerging Markets ETF (NYSEARCA:PXH) Sees Unusually-High Trading Volume – Time to Buy?

Invesco FTSE RAFI Emerging Markets ETF (NYSEARCA:PXH) saw unusually-strong trading volume on Tuesday . Approximately 218,669 shares were traded during mid-day trading, an increase of 23% from the previous session’s volume of 177,936 shares.The stock last traded at $20.55 and had previously closed at $20.47.

Invesco FTSE RAFI Emerging Markets ETF Stock Performance

The firm has a 50-day moving average price of $20.91 and a 200-day moving average price of $20.87. The stock has a market cap of $1.27 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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets purchased a new position in Invesco FTSE RAFI Emerging Markets ETF in the third quarter worth about $27,000. MML Investors Services LLC increased its holdings in Invesco FTSE RAFI Emerging Markets ETF by 16.1% during the third quarter. MML Investors Services LLC now owns 14,724 shares of the company’s stock valued at $323,000 after buying an additional 2,046 shares during the last quarter. Larson Financial Group LLC raised its position in Invesco FTSE RAFI Emerging Markets ETF by 286.7% in the third quarter. Larson Financial Group LLC now owns 2,695 shares of the company’s stock worth $59,000 after acquiring an additional 1,998 shares during the period. Cerity Partners LLC boosted its stake in shares of Invesco FTSE RAFI Emerging Markets ETF by 6.7% during the 3rd quarter. Cerity Partners LLC now owns 52,655 shares of the company’s stock worth $1,156,000 after acquiring an additional 3,315 shares during the last quarter. Finally, Johnson & White Wealth Management LLC grew its position in shares of Invesco FTSE RAFI Emerging Markets ETF by 6.9% during the 3rd quarter. Johnson & White Wealth Management LLC now owns 240,520 shares of the company’s stock valued at $5,279,000 after acquiring an additional 15,592 shares during the period.

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.