Bank of New York Mellon Corp Reduces Position in Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH)

Bank of New York Mellon Corp cut its holdings in shares of Invesco RAFI Emerging Markets ETF (NYSEARCA:PXH) by 29.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 862,457 shares of the company’s stock after selling 357,585 shares during the period. Bank of New York Mellon Corp owned approximately 1.49% of Invesco RAFI Emerging Markets ETF worth $18,750,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. LPL Financial LLC boosted its position in Invesco RAFI Emerging Markets ETF by 1.2% in the fourth quarter. LPL Financial LLC now owns 880,390 shares of the company’s stock worth $18,030,000 after purchasing an additional 10,820 shares during the last quarter. Invesco Ltd. boosted its position in Invesco RAFI Emerging Markets ETF by 64.3% in the fourth quarter. Invesco Ltd. now owns 724,559 shares of the company’s stock worth $14,839,000 after purchasing an additional 283,501 shares during the last quarter. OLD Mission Capital LLC boosted its position in Invesco RAFI Emerging Markets ETF by 64.5% in the fourth quarter. OLD Mission Capital LLC now owns 592,316 shares of the company’s stock worth $12,131,000 after purchasing an additional 232,198 shares during the last quarter. Cidel Asset Management Inc. boosted its position in Invesco RAFI Emerging Markets ETF by 9.0% in the first quarter. Cidel Asset Management Inc. now owns 518,521 shares of the company’s stock worth $11,273,000 after purchasing an additional 42,683 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in Invesco RAFI Emerging Markets ETF by 10.6% in the fourth quarter. Wells Fargo & Company MN now owns 483,013 shares of the company’s stock worth $9,892,000 after purchasing an additional 46,095 shares during the last quarter.

Invesco RAFI Emerging Markets ETF Stock Performance

Shares of NYSEARCA:PXH opened at $23.83 on Friday. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of 10.43 and a beta of 0.73. The stock’s 50-day simple moving average is $23.08 and its two-hundred day simple moving average is $21.85. Invesco RAFI Emerging Markets ETF has a 52-week low of $18.44 and a 52-week high of $24.02.

Invesco RAFI Emerging Markets ETF 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.