Invesco RAFI Developed Markets ex-U.S. ETF (NYSEARCA:PXF) Sees Strong Trading Volume – Time to Buy?

Invesco RAFI Developed Markets ex-U.S. ETF (NYSEARCA:PXF) shares saw unusually-strong trading volume on Friday . Approximately 256,529 shares traded hands during mid-day trading, an increase of 214% from the previous session’s volume of 81,650 shares.The stock last traded at $62.0050 and had previously closed at $62.13.

Invesco RAFI Developed Markets ex-U.S. ETF Stock Down 0.2%

The firm has a market cap of $2.14 billion, a price-to-earnings ratio of 12.91 and a beta of 0.82. The company has a 50-day moving average price of $61.45 and a 200 day moving average price of $58.50.

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

A number of large investors have recently made changes to their positions in the business. Revolve Wealth Partners LLC acquired a new stake in shares of Invesco RAFI Developed Markets ex-U.S. ETF during the fourth quarter worth approximately $367,000. Bank of New York Mellon Corp lifted its position in Invesco RAFI Developed Markets ex-U.S. ETF by 20.5% in the 1st quarter. Bank of New York Mellon Corp now owns 872,105 shares of the company’s stock worth $45,341,000 after buying an additional 148,370 shares in the last quarter. Axxcess Wealth Management LLC acquired a new stake in shares of Invesco RAFI Developed Markets ex-U.S. ETF during the 1st quarter valued at $338,000. Austin Wealth Management LLC purchased a new position in shares of Invesco RAFI Developed Markets ex-U.S. ETF during the 1st quarter valued at $205,000. Finally, Key Financial Inc grew its holdings in shares of Invesco RAFI Developed Markets ex-U.S. ETF by 10.0% during the 1st quarter. Key Financial Inc now owns 14,942 shares of the company’s stock valued at $777,000 after acquiring an additional 1,363 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.