Invesco FTSE RAFI Developed Markets ex-U.S. ETF (NYSEARCA:PXF) Sets New 12-Month High – What’s Next?

Shares of Invesco FTSE RAFI Developed Markets ex-U.S. ETF (NYSEARCA:PXF) hit a new 52-week high on Monday . The stock traded as high as $53.73 and last traded at $53.77, with a volume of 2322 shares. The stock had previously closed at $53.29.

Invesco FTSE RAFI Developed Markets ex-U.S. ETF Stock Performance

The firm has a market capitalization of $1.93 billion, a PE ratio of 13.72 and a beta of 0.90. The company’s fifty day moving average price is $50.75 and its two-hundred day moving average price is $50.21.

Institutional Trading of Invesco FTSE RAFI Developed Markets ex-U.S. ETF

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

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.