Sequoia Financial Advisors LLC Buys 15,231 Shares of Invesco FTSE RAFI Emerging Markets ETF (NYSEARCA:PXH)

Sequoia Financial Advisors LLC increased its stake in shares of Invesco FTSE RAFI Emerging Markets ETF (NYSEARCA:PXH) by 46.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 47,945 shares of the company’s stock after acquiring an additional 15,231 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Invesco FTSE RAFI Emerging Markets ETF were worth $916,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Charles Schwab Investment Advisory Inc. boosted its holdings in Invesco FTSE RAFI Emerging Markets ETF by 46.6% in the 1st quarter. Charles Schwab Investment Advisory Inc. now owns 21,665,090 shares of the company’s stock valued at $451,067,000 after purchasing an additional 6,881,988 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Invesco FTSE RAFI Emerging Markets ETF by 56.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 7,920,829 shares of the company’s stock valued at $164,914,000 after purchasing an additional 2,851,251 shares during the period. Ameriprise Financial Inc. boosted its holdings in Invesco FTSE RAFI Emerging Markets ETF by 0.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,234,400 shares of the company’s stock valued at $39,692,000 after purchasing an additional 11,930 shares during the period. Bank of America Corp DE boosted its holdings in Invesco FTSE RAFI Emerging Markets ETF by 51.9% in the 1st quarter. Bank of America Corp DE now owns 2,054,024 shares of the company’s stock valued at $37,712,000 after purchasing an additional 701,412 shares during the period. Finally, FMR LLC boosted its holdings in Invesco FTSE RAFI Emerging Markets ETF by 6.7% in the 1st quarter. FMR LLC now owns 1,898,943 shares of the company’s stock valued at $34,865,000 after purchasing an additional 119,285 shares during the period.

Invesco FTSE RAFI Emerging Markets ETF Stock Down 2.4 %

NYSEARCA PXH opened at $19.27 on Monday. The company has a market capitalization of $1.20 billion, a P/E ratio of 7.08 and a beta of 0.81. Invesco FTSE RAFI Emerging Markets ETF has a 12-month low of $17.12 and a 12-month high of $19.93. The firm has a 50-day moving average price of $19.35 and a two-hundred day moving average price of $18.62.

Invesco FTSE 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.