Avantax Advisory Services Inc. Has $1.38 Million Stock Holdings in Invesco FTSE RAFI Emerging Markets ETF (NYSEARCA:PXH)

Avantax Advisory Services Inc. raised its stake in shares of Invesco FTSE RAFI Emerging Markets ETF (NYSEARCA:PXH) by 7.6% during the 4th quarter, HoldingsChannel reports. The firm owned 67,589 shares of the company’s stock after purchasing an additional 4,773 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Invesco FTSE RAFI Emerging Markets ETF were worth $1,384,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Sequoia Financial Advisors LLC boosted its position in shares of Invesco FTSE RAFI Emerging Markets ETF by 10.0% in the fourth quarter. Sequoia Financial Advisors LLC now owns 52,227 shares of the company’s stock valued at $1,070,000 after acquiring an additional 4,740 shares during the period. HighTower Advisors LLC boosted its position in shares of Invesco FTSE RAFI Emerging Markets ETF by 0.4% in the fourth quarter. HighTower Advisors LLC now owns 553,049 shares of the company’s stock valued at $11,326,000 after acquiring an additional 2,328 shares during the period. Independent Advisor Alliance bought a new stake in shares of Invesco FTSE RAFI Emerging Markets ETF in the fourth quarter valued at approximately $313,000. PNC Financial Services Group Inc. boosted its position in shares of Invesco FTSE RAFI Emerging Markets ETF by 42.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,058 shares of the company’s stock valued at $124,000 after acquiring an additional 1,819 shares during the period. Finally, Freestone Capital Holdings LLC bought a new stake in shares of Invesco FTSE RAFI Emerging Markets ETF in the fourth quarter valued at approximately $243,000.

Invesco FTSE RAFI Emerging Markets ETF Price Performance

Shares of PXH stock opened at $22.67 on Wednesday. The stock has a market cap of $1.31 billion, a P/E ratio of 10.19 and a beta of 0.74. Invesco FTSE RAFI Emerging Markets ETF has a one year low of $18.44 and a one year high of $23.27. The stock has a fifty day moving average price of $21.32 and a 200 day moving average price of $21.21.

About Invesco FTSE 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.