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

Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $28.15 and last traded at $28.11, with a volume of 311755 shares traded. The stock had previously closed at $27.66.

Invesco RAFI Emerging Markets ETF Trading Up 1.6%

The firm’s 50 day simple moving average is $26.21 and its 200-day simple moving average is $25.42. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of 10.43 and a beta of 0.60.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Itau Unibanco Holding S.A. bought a new stake in Invesco RAFI Emerging Markets ETF during the second quarter worth $68,439,000. Charles Schwab Investment Management Inc. grew its holdings in Invesco RAFI Emerging Markets ETF by 9.7% during the second quarter. Charles Schwab Investment Management Inc. now owns 25,095,530 shares of the company’s stock worth $586,984,000 after purchasing an additional 2,215,819 shares during the period. Daiwa Securities Group Inc. increased its position in Invesco RAFI Emerging Markets ETF by 42.8% during the third quarter. Daiwa Securities Group Inc. now owns 1,335,500 shares of the company’s stock worth $33,948,000 after buying an additional 400,000 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of Invesco RAFI Emerging Markets ETF by 9.6% in the third quarter. Ameriprise Financial Inc. now owns 2,576,427 shares of the company’s stock valued at $65,478,000 after buying an additional 226,381 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in shares of Invesco RAFI Emerging Markets ETF during the 1st quarter worth 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.