Independent Advisor Alliance Makes New $313,000 Investment in Invesco FTSE RAFI Emerging Markets ETF (NYSEARCA:PXH)

Independent Advisor Alliance acquired a new stake in Invesco FTSE RAFI Emerging Markets ETF (NYSEARCA:PXH) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 15,266 shares of the company’s stock, valued at approximately $313,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. BNP Paribas Financial Markets acquired a new stake in Invesco FTSE RAFI Emerging Markets ETF in the third quarter worth approximately $27,000. Larson Financial Group LLC raised its stake in shares of Invesco FTSE RAFI Emerging Markets ETF by 286.7% in the 3rd quarter. Larson Financial Group LLC now owns 2,695 shares of the company’s stock worth $59,000 after buying an additional 1,998 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in Invesco FTSE RAFI Emerging Markets ETF by 98.6% during the fourth quarter. Jones Financial Companies Lllp now owns 4,226 shares of the company’s stock valued at $87,000 after buying an additional 2,098 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in Invesco FTSE RAFI Emerging Markets ETF by 42.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 6,058 shares of the company’s stock valued at $124,000 after buying an additional 1,819 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Invesco FTSE RAFI Emerging Markets ETF by 31.6% during the third quarter. JPMorgan Chase & Co. now owns 6,511 shares of the company’s stock worth $143,000 after acquiring an additional 1,564 shares during the period.

Invesco FTSE RAFI Emerging Markets ETF Trading Down 0.6 %

Shares of NYSEARCA PXH opened at $22.67 on Wednesday. The firm has a 50-day moving average of $21.32 and a two-hundred day moving average of $21.21. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of 10.19 and a beta of 0.74. Invesco FTSE RAFI Emerging Markets ETF has a twelve month low of $18.44 and a twelve month high of $23.27.

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.