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

Shares of Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $28.76 and last traded at $28.71, with a volume of 260628 shares trading hands. The stock had previously closed at $28.36.

Invesco RAFI Emerging Markets ETF Trading Down 1.0%

The firm has a market capitalization of $1.97 billion, a PE ratio of 10.43 and a beta of 0.60. The firm has a 50 day simple moving average of $27.19 and a 200 day simple moving average of $26.02.

Hedge Funds Weigh In On Invesco RAFI Emerging Markets ETF

A number of hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. purchased a new stake in shares of Invesco RAFI Emerging Markets ETF during the 4th quarter valued at about $25,000. CBIZ Investment Advisory Services LLC purchased a new stake in Invesco RAFI Emerging Markets ETF in the fourth quarter worth approximately $26,000. Brown Brothers Harriman & Co. bought a new stake in Invesco RAFI Emerging Markets ETF in the 4th quarter worth approximately $27,000. Blue Trust Inc. purchased a new stake in Invesco RAFI Emerging Markets ETF during the 3rd quarter valued at $32,000. Finally, Advisory Services Network LLC purchased a new stake in Invesco RAFI Emerging Markets ETF during the 3rd quarter valued at $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.