Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH) Reaches New 52-Week High – Still a Buy?

Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH)’s stock price hit a new 52-week high on Monday . The company traded as high as $26.79 and last traded at $26.8190, with a volume of 23773 shares changing hands. The stock had previously closed at $26.49.

Invesco RAFI Emerging Markets ETF Trading Up 1.6%

The stock has a market cap of $1.82 billion, a P/E ratio of 10.43 and a beta of 0.60. The business’s fifty day simple moving average is $25.94 and its 200 day simple moving average is $25.11.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Brighton Jones LLC lifted its stake in shares of Invesco RAFI Emerging Markets ETF by 15.6% during the fourth quarter. Brighton Jones LLC now owns 11,893 shares of the company’s stock valued at $244,000 after acquiring an additional 1,608 shares during the period. Revolve Wealth Partners LLC acquired a new stake in shares of Invesco RAFI Emerging Markets ETF during the 4th quarter worth approximately $358,000. Royal Bank of Canada raised its stake in shares of Invesco RAFI Emerging Markets ETF by 38.5% during the first quarter. Royal Bank of Canada now owns 385,081 shares of the company’s stock worth $8,372,000 after buying an additional 107,132 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in Invesco RAFI Emerging Markets ETF by 2.8% in the first quarter. NewEdge Advisors LLC now owns 50,475 shares of the company’s stock valued at $1,097,000 after buying an additional 1,371 shares during the period. Finally, Jane Street Group LLC acquired a new position in Invesco RAFI Emerging Markets ETF in the first quarter valued at approximately $4,740,000.

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.