Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH) Reaches New 52-Week High – Here’s What Happened

Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $29.00 and last traded at $28.95, with a volume of 70928 shares trading hands. The stock had previously closed at $28.52.

Invesco RAFI Emerging Markets ETF Stock Performance

The firm has a fifty day moving average price of $27.54 and a 200 day moving average price of $26.84. The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of 10.43 and a beta of 0.56.

Hedge Funds Weigh In On Invesco RAFI Emerging Markets ETF

Several hedge funds have recently bought and sold shares of PXH. PNC Financial Services Group Inc. purchased a new position in Invesco RAFI Emerging Markets ETF in the 4th quarter valued at approximately $25,000. CBIZ Investment Advisory Services LLC purchased a new stake in shares of Invesco RAFI Emerging Markets ETF in the fourth quarter valued at $26,000. Brown Brothers Harriman & Co. purchased a new stake in shares of Invesco RAFI Emerging Markets ETF in the fourth quarter valued at $27,000. Advisory Services Network LLC purchased a new stake in shares of Invesco RAFI Emerging Markets ETF in the third quarter valued at $36,000. Finally, Geneos Wealth Management Inc. purchased a new stake in Invesco RAFI Emerging Markets ETF during the first quarter valued at about $37,000.

About Invesco 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.