Northwestern Mutual Wealth Management Co. Cuts Stake in Invesco RAFI Developed Markets ex-U.S. ETF $PXF

Northwestern Mutual Wealth Management Co. reduced its position in shares of Invesco RAFI Developed Markets ex-U.S. ETF (NYSEARCA:PXF) by 4.2% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 146,563 shares of the company’s stock after selling 6,357 shares during the quarter. Northwestern Mutual Wealth Management Co. owned 0.41% of Invesco RAFI Developed Markets ex-U.S. ETF worth $8,416,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. RiverFront Investment Group LLC bought a new stake in shares of Invesco RAFI Developed Markets ex-U.S. ETF during the second quarter valued at approximately $263,000. Charles Schwab Investment Management Inc. lifted its position in Invesco RAFI Developed Markets ex-U.S. ETF by 1.4% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 11,861,260 shares of the company’s stock valued at $681,074,000 after acquiring an additional 161,989 shares in the last quarter. AlphaCore Capital LLC boosted its stake in Invesco RAFI Developed Markets ex-U.S. ETF by 9,932.3% during the 2nd quarter. AlphaCore Capital LLC now owns 96,009 shares of the company’s stock valued at $5,513,000 after purchasing an additional 95,052 shares during the last quarter. Archer Investment Corp increased its holdings in shares of Invesco RAFI Developed Markets ex-U.S. ETF by 1.7% in the 2nd quarter. Archer Investment Corp now owns 66,099 shares of the company’s stock worth $3,795,000 after purchasing an additional 1,073 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Invesco RAFI Developed Markets ex-U.S. ETF by 64.3% in the second quarter. JPMorgan Chase & Co. now owns 116,602 shares of the company’s stock worth $6,695,000 after purchasing an additional 45,627 shares during the last quarter.

Invesco RAFI Developed Markets ex-U.S. ETF Price Performance

Shares of NYSEARCA:PXF opened at $63.61 on Tuesday. Invesco RAFI Developed Markets ex-U.S. ETF has a 1 year low of $45.78 and a 1 year high of $64.23. The company has a market cap of $2.20 billion, a P/E ratio of 12.91 and a beta of 0.82. The stock’s fifty day moving average price is $62.17 and its 200-day moving average price is $59.67.

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