Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH) Sets New 12-Month High – Time to Buy?

Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH)’s stock price reached a new 52-week high on Thursday . The company traded as high as $27.48 and last traded at $27.4750, with a volume of 122366 shares trading hands. The stock had previously closed at $27.15.

Invesco RAFI Emerging Markets ETF Price Performance

The firm’s 50 day moving average is $26.07 and its 200 day moving average is $25.29. The company has a market capitalization of $1.87 billion, a PE ratio of 10.43 and a beta of 0.60.

Institutional Investors Weigh In On Invesco RAFI Emerging Markets ETF

Several institutional investors and hedge funds have recently bought and sold shares of PXH. Red Tortoise LLC grew its position in shares of Invesco RAFI Emerging Markets ETF by 1.4% in the 3rd quarter. Red Tortoise LLC now owns 28,497 shares of the company’s stock worth $724,000 after buying an additional 404 shares during the last quarter. NewEdge Advisors LLC lifted its stake in Invesco RAFI Emerging Markets ETF by 1.1% in the third quarter. NewEdge Advisors LLC now owns 50,893 shares of the company’s stock worth $1,294,000 after acquiring an additional 558 shares during the period. Sequoia Financial Advisors LLC lifted its stake in Invesco RAFI Emerging Markets ETF by 1.1% in the third quarter. Sequoia Financial Advisors LLC now owns 51,191 shares of the company’s stock worth $1,301,000 after acquiring an additional 577 shares during the period. Maridea Wealth Management LLC boosted its holdings in Invesco RAFI Emerging Markets ETF by 4.8% in the fourth quarter. Maridea Wealth Management LLC now owns 14,702 shares of the company’s stock valued at $379,000 after acquiring an additional 675 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC increased its position in Invesco RAFI Emerging Markets ETF by 2.2% during the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 35,082 shares of the company’s stock valued at $821,000 after purchasing an additional 744 shares during the period.

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.