Daiwa Securities Group Inc. Sells 165,000 Shares of Invesco RAFI Emerging Markets ETF $PXH

Daiwa Securities Group Inc. trimmed its stake in Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH) by 12.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,170,500 shares of the company’s stock after selling 165,000 shares during the period. Daiwa Securities Group Inc. owned 1.70% of Invesco RAFI Emerging Markets ETF worth $30,211,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. PNC Financial Services Group Inc. bought a new position in Invesco RAFI Emerging Markets ETF in the 4th quarter worth approximately $25,000. CBIZ Investment Advisory Services LLC bought a new position in Invesco RAFI Emerging Markets ETF in the 4th quarter worth approximately $26,000. Advisory Services Network LLC bought a new position in Invesco RAFI Emerging Markets ETF in the 3rd quarter worth approximately $36,000. Key Financial Inc increased its position in Invesco RAFI Emerging Markets ETF by 2,100.0% in the 4th quarter. Key Financial Inc now owns 1,540 shares of the company’s stock worth $40,000 after buying an additional 1,470 shares during the period. Finally, Assetmark Inc. increased its position in Invesco RAFI Emerging Markets ETF by 664.0% in the 3rd quarter. Assetmark Inc. now owns 1,551 shares of the company’s stock worth $39,000 after buying an additional 1,348 shares during the period.

Invesco RAFI Emerging Markets ETF Stock Down 3.6%

Shares of NYSEARCA PXH opened at $28.33 on Friday. The business’s 50 day moving average is $28.35 and its two-hundred day moving average is $27.36. The company has a market cap of $1.94 billion, a P/E ratio of 10.43 and a beta of 0.55. Invesco RAFI Emerging Markets ETF has a 12 month low of $22.62 and a 12 month high of $30.11.

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.