Invesco RAFI Developed Markets ex-U.S. ETF (NYSEARCA:PXF) Reaches New 12-Month High – Time to 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 Wednesday . The stock traded as high as $64.94 and last traded at $65.1450, with a volume of 28399 shares. The stock had previously closed at $64.36.

Invesco RAFI Developed Markets ex-U.S. ETF Stock Up 1.3%

The firm has a market capitalization of $2.26 billion, a PE ratio of 12.91 and a beta of 0.82. The firm’s fifty day simple moving average is $62.57 and its 200-day simple moving average is $60.04.

Institutional Investors Weigh In On Invesco RAFI Developed Markets ex-U.S. ETF

Institutional investors have recently modified their holdings of the business. Charles Schwab Investment Management Inc. raised 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 worth $681,074,000 after buying an additional 161,989 shares during the last quarter. CIBC Bancorp USA Inc. purchased a new stake in shares of Invesco RAFI Developed Markets ex-U.S. ETF during the 3rd quarter valued at about $8,060,000. Invesco Ltd. grew its stake in shares of Invesco RAFI Developed Markets ex-U.S. ETF by 2.9% in the second quarter. Invesco Ltd. now owns 4,588,907 shares of the company’s stock worth $263,495,000 after acquiring an additional 130,557 shares during the period. Equitable Holdings Inc. grew its stake in shares of Invesco RAFI Developed Markets ex-U.S. ETF by 61.2% in the second quarter. Equitable Holdings Inc. now owns 291,794 shares of the company’s stock worth $16,755,000 after acquiring an additional 110,749 shares during the period. Finally, Citadel Advisors LLC raised its holdings in shares of Invesco RAFI Developed Markets ex-U.S. ETF by 80.3% during the third quarter. Citadel Advisors LLC now owns 225,845 shares of the company’s stock valued at $13,816,000 after purchasing an additional 100,554 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.