Invesco RAFI Developed Markets ex-U.S. ETF (NYSEARCA:PXF) Sets New 52-Week High – Time to Buy?

Invesco RAFI Developed Markets ex-U.S. ETF (NYSEARCA:PXF) shares hit a new 52-week high during trading on Friday . The company traded as high as $74.59 and last traded at $74.5450, with a volume of 23919 shares. The stock had previously closed at $74.12.

Invesco RAFI Developed Markets ex-U.S. ETF Stock Up 0.8%

The company has a market capitalization of $2.61 billion, a PE ratio of 12.91 and a beta of 0.82. The firm has a 50-day moving average of $68.72 and a two-hundred day moving average of $64.10.

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

A number of hedge funds have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Invesco RAFI Developed Markets ex-U.S. ETF by 444.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 794,407 shares of the company’s stock worth $52,073,000 after acquiring an additional 648,623 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in Invesco RAFI Developed Markets ex-U.S. ETF during the fourth quarter worth approximately $36,259,000. Bank of New York Mellon Corp boosted its position in Invesco RAFI Developed Markets ex-U.S. ETF by 44.8% during the fourth quarter. Bank of New York Mellon Corp now owns 1,204,516 shares of the company’s stock worth $78,950,000 after purchasing an additional 372,856 shares in the last quarter. Align Financial LLC acquired a new stake in Invesco RAFI Developed Markets ex-U.S. ETF in the fourth quarter valued at approximately $24,335,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Invesco RAFI Developed Markets ex-U.S. ETF by 1.4% in the second quarter. Charles Schwab Investment Management Inc. now owns 11,861,260 shares of the company’s stock valued at $681,074,000 after buying an additional 161,989 shares in the last quarter.

Invesco 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.