Invesco RAFI Developed Markets ex-U.S. ETF (NYSEARCA:PXF) Reaches New 52-Week High – Here’s Why

Invesco RAFI Developed Markets ex-U.S. ETF (NYSEARCA:PXF)’s share price reached a new 52-week high on Tuesday . The company traded as high as $65.73 and last traded at $65.57, with a volume of 56869 shares traded. The stock had previously closed at $65.13.

Invesco RAFI Developed Markets ex-U.S. ETF Trading Down 0.5%

The company has a market capitalization of $2.24 billion, a PE ratio of 12.91 and a beta of 0.82. The stock’s 50-day moving average is $62.98 and its two-hundred day moving average is $60.39.

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

A number of large investors have recently bought and sold shares of PXF. Charles Schwab Investment Management Inc. increased its stake in 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 worth $681,074,000 after purchasing an additional 161,989 shares during the period. Invesco Ltd. boosted its stake in shares of Invesco RAFI Developed Markets ex-U.S. ETF by 2.9% during the second quarter. Invesco Ltd. now owns 4,588,907 shares of the company’s stock valued at $263,495,000 after purchasing an additional 130,557 shares during the period. Bank of America Corp DE grew its holdings in shares of Invesco RAFI Developed Markets ex-U.S. ETF by 6.0% in the third quarter. Bank of America Corp DE now owns 937,059 shares of the company’s stock worth $57,325,000 after purchasing an additional 53,267 shares during the last quarter. Charles Schwab Trust Co increased its stake in Invesco RAFI Developed Markets ex-U.S. ETF by 10.8% in the 2nd quarter. Charles Schwab Trust Co now owns 378,017 shares of the company’s stock worth $21,706,000 after buying an additional 36,866 shares during the period. Finally, Johnson & White Wealth Management LLC increased its stake in Invesco RAFI Developed Markets ex-U.S. ETF by 0.9% in the 2nd quarter. Johnson & White Wealth Management LLC now owns 366,105 shares of the company’s stock worth $21,022,000 after buying an additional 3,111 shares during the period.

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.