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

Invesco RAFI Developed Markets ex-U.S. ETF (NYSEARCA:PXF) shares saw unusually-high trading volume on Tuesday . Approximately 491,544 shares traded hands during mid-day trading, an increase of 290% from the previous session’s volume of 125,971 shares.The stock last traded at $74.8520 and had previously closed at $74.57.

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

The firm has a market capitalization of $2.66 billion, a price-to-earnings ratio of 12.91 and a beta of 0.82. The business’s 50 day moving average is $69.51 and its 200-day moving average is $64.61.

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

Large investors have recently made changes to their positions in the business. Root Financial Partners LLC grew its holdings in Invesco RAFI Developed Markets ex-U.S. ETF by 3.6% in the 4th quarter. Root Financial Partners LLC now owns 4,336 shares of the company’s stock valued at $284,000 after buying an additional 151 shares during the last quarter. AE Wealth Management LLC grew its stake in shares of Invesco RAFI Developed Markets ex-U.S. ETF by 6.2% in the second quarter. AE Wealth Management LLC now owns 3,456 shares of the company’s stock worth $198,000 after acquiring an additional 201 shares during the last quarter. Colonial River Investments LLC increased its position in Invesco RAFI Developed Markets ex-U.S. ETF by 1.7% during the fourth quarter. Colonial River Investments LLC now owns 13,212 shares of the company’s stock worth $866,000 after acquiring an additional 225 shares during the period. Aptus Capital Advisors LLC raised its stake in Invesco RAFI Developed Markets ex-U.S. ETF by 8.7% during the 4th quarter. Aptus Capital Advisors LLC now owns 2,976 shares of the company’s stock valued at $195,000 after purchasing an additional 237 shares during the last quarter. Finally, Red Tortoise LLC raised its stake in Invesco RAFI Developed Markets ex-U.S. ETF by 0.6% during the 3rd quarter. Red Tortoise LLC now owns 39,839 shares of the company’s stock valued at $2,437,000 after purchasing an additional 244 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.