Invesco RAFI Developed Markets ex-U.S. ETF (NYSEARCA:PXF) Hits New 52-Week High – Still a Buy?

Invesco RAFI Developed Markets ex-U.S. ETF (NYSEARCA:PXF)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $69.86 and last traded at $69.59, with a volume of 131497 shares trading hands. The stock had previously closed at $69.25.

Invesco RAFI Developed Markets ex-U.S. ETF Trading Down 0.6%

The stock’s fifty day moving average price is $65.88 and its 200 day moving average price is $62.50. The stock has a market cap of $2.46 billion, a P/E ratio of 12.91 and a beta of 0.82.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Bell Investment Advisors Inc lifted its stake in Invesco RAFI Developed Markets ex-U.S. ETF by 113.9% during the second quarter. Bell Investment Advisors Inc now owns 492 shares of the company’s stock worth $28,000 after purchasing an additional 262 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new position in shares of Invesco RAFI Developed Markets ex-U.S. ETF during the 2nd quarter valued at about $44,000. Palisade Asset Management LLC purchased a new position in shares of Invesco RAFI Developed Markets ex-U.S. ETF during the 3rd quarter valued at about $47,000. Harbour Investments Inc. lifted its position in Invesco RAFI Developed Markets ex-U.S. ETF by 103.9% in the 2nd quarter. Harbour Investments Inc. now owns 883 shares of the company’s stock worth $51,000 after buying an additional 450 shares during the last quarter. Finally, Triumph Capital Management bought a new stake in Invesco RAFI Developed Markets ex-U.S. ETF in the 3rd quarter worth approximately $59,000.

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.