Invesco RAFI Developed Markets ex-U.S. ETF (NYSEARCA:PXF) Hits New 1-Year High – Time to Buy?

Invesco RAFI Developed Markets ex-U.S. ETF (NYSEARCA:PXF) shares reached a new 52-week high on Friday . The stock traded as high as $79.01 and last traded at $78.82, with a volume of 11100 shares traded. The stock had previously closed at $78.14.

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

The company’s 50 day moving average price is $76.39 and its two-hundred day moving average price is $73.95. The firm has a market cap of $2.95 billion, a PE ratio of 12.91 and a beta of 0.74.

Hedge Funds Weigh In On Invesco RAFI Developed Markets ex-U.S. ETF

Institutional investors have recently bought and sold shares of the stock. Root Financial Partners LLC grew its holdings in shares of Invesco RAFI Developed Markets ex-U.S. ETF by 3.6% in the fourth quarter. Root Financial Partners LLC now owns 4,336 shares of the company’s stock valued at $284,000 after purchasing an additional 151 shares in the last quarter. Colonial River Investments LLC raised its stake in Invesco RAFI Developed Markets ex-U.S. ETF by 1.7% during the fourth quarter. Colonial River Investments LLC now owns 13,212 shares of the company’s stock valued at $866,000 after purchasing an additional 225 shares in the last quarter. Aptus Capital Advisors LLC raised its stake in Invesco RAFI Developed Markets ex-U.S. ETF by 8.7% during the fourth quarter. Aptus Capital Advisors LLC now owns 2,976 shares of the company’s stock valued at $195,000 after purchasing an additional 237 shares in the last quarter. Blair William & Co. IL lifted its position in Invesco RAFI Developed Markets ex-U.S. ETF by 11.6% during the fourth quarter. Blair William & Co. IL now owns 2,428 shares of the company’s stock valued at $159,000 after purchasing an additional 252 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in Invesco RAFI Developed Markets ex-U.S. ETF by 3.9% during the fourth quarter. Geneos Wealth Management Inc. now owns 6,919 shares of the company’s stock valued at $454,000 after purchasing an additional 261 shares during the last quarter.

About Invesco RAFI Developed Markets ex-U.S. ETF

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.