Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH) Sets New 1-Year High – Should You Buy?
by Doug Wharley · The Cerbat GemInvesco RAFI Emerging Markets ETF (NYSEARCA:PXH – Get Free Report) hit a new 52-week high on Monday . The company traded as high as $26.52 and last traded at $26.4960, with a volume of 441297 shares changing hands. The stock had previously closed at $26.38.
Invesco RAFI Emerging Markets ETF Price Performance
The firm has a market cap of $1.79 billion, a PE ratio of 10.43 and a beta of 0.60. The company has a 50 day simple moving average of $25.90 and a 200-day simple moving average of $24.98.
Hedge Funds Weigh In On Invesco RAFI Emerging Markets ETF
Institutional investors and hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. boosted its position in Invesco RAFI Emerging Markets ETF by 1.9% during the third quarter. JPMorgan Chase & Co. now owns 41,289 shares of the company’s stock valued at $1,050,000 after buying an additional 773 shares during the period. CIBC Bancorp USA Inc. bought a new position in Invesco RAFI Emerging Markets ETF during the 3rd quarter worth approximately $236,000. Asset Dedication LLC increased its stake in Invesco RAFI Emerging Markets ETF by 44.1% in the 3rd quarter. Asset Dedication LLC now owns 11,399 shares of the company’s stock worth $290,000 after purchasing an additional 3,486 shares during the period. Penobscot Wealth Management bought a new stake in Invesco RAFI Emerging Markets ETF in the third quarter valued at approximately $208,000. Finally, Advisory Services Network LLC purchased a new stake in shares of Invesco RAFI Emerging Markets ETF during the third quarter valued at approximately $36,000.
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.