Invesco FTSE RAFI Developed Markets ex-U.S. ETF (NYSEARCA:PXF) Sees Large Volume Increase – Should You Buy?

Invesco FTSE RAFI Developed Markets ex-U.S. ETF (NYSEARCA:PXF) shares saw unusually-strong trading volume on Thursday . Approximately 590,118 shares traded hands during mid-day trading, an increase of 585% from the previous session’s volume of 86,179 shares.The stock last traded at $52.44 and had previously closed at $52.65.

Invesco FTSE RAFI Developed Markets ex-U.S. ETF Stock Up 1.7 %

The firm has a market capitalization of $1.90 billion, a P/E ratio of 13.72 and a beta of 0.90. The stock has a fifty day moving average of $50.53 and a 200-day moving average of $50.20.

Institutional Investors Weigh In On Invesco FTSE RAFI Developed Markets ex-U.S. ETF

Several institutional investors and hedge funds have recently made changes to their positions in PXF. Charles Schwab Investment Management Inc. increased its position in shares of Invesco FTSE RAFI Developed Markets ex-U.S. ETF by 8.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 12,294,100 shares of the company’s stock worth $588,764,000 after buying an additional 938,939 shares during the period. Invesco Ltd. grew its holdings in Invesco FTSE RAFI Developed Markets ex-U.S. ETF by 4.2% during the 4th quarter. Invesco Ltd. now owns 4,585,831 shares of the company’s stock worth $219,615,000 after acquiring an additional 186,093 shares during the period. CIBC Private Wealth Group LLC raised its position in shares of Invesco FTSE RAFI Developed Markets ex-U.S. ETF by 3,213.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 139,147 shares of the company’s stock worth $6,703,000 after acquiring an additional 134,948 shares in the last quarter. Stifel Financial Corp acquired a new position in shares of Invesco FTSE RAFI Developed Markets ex-U.S. ETF in the 3rd quarter valued at about $3,253,000. Finally, Charles Schwab Trust Co boosted its position in shares of Invesco FTSE RAFI Developed Markets ex-U.S. ETF by 18.2% during the 4th quarter. Charles Schwab Trust Co now owns 382,505 shares of the company’s stock valued at $18,318,000 after purchasing an additional 58,852 shares in the last quarter.

Invesco FTSE RAFI Developed Markets ex-U.S. ETF Company Profile

The Invesco FTSE RAFI Developed Markets ex-U.S. ETF (PXF) is an exchange-traded fund that is based on the FTSE RAFI Developed x US 1000 index. The fund tracks an index of 1,000 of the biggest companies in developed markets outside the US that are selected and weighted based on fundamental measures. PXF was launched on Jun 25, 2007 and is managed by Invesco.