Invesco FTSE RAFI Developed Markets ex-U.S. ETF (NYSEARCA:PXF) Sees Unusually-High Trading Volume – Here’s Why

Shares of Invesco FTSE RAFI Developed Markets ex-U.S. ETF (NYSEARCA:PXF) saw strong trading volume on Wednesday . 229,575 shares changed hands during trading, an increase of 248% from the previous session’s volume of 66,035 shares.The stock last traded at $49.83 and had previously closed at $49.74.

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

The company has a market capitalization of $1.72 billion, a P/E ratio of 11.95 and a beta of 0.79. The business has a 50 day simple moving average of $50.18 and a 200-day simple moving average of $50.10.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of PXF. Charles Schwab Investment Management Inc. grew its holdings in Invesco FTSE RAFI Developed Markets ex-U.S. ETF by 2.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 11,355,161 shares of the company’s stock worth $591,945,000 after acquiring an additional 234,733 shares during the period. Charles Schwab Trust Co grew its holdings in Invesco FTSE RAFI Developed Markets ex-U.S. ETF by 6.4% during the third quarter. Charles Schwab Trust Co now owns 323,653 shares of the company’s stock worth $16,872,000 after acquiring an additional 19,397 shares during the period. Johnson & White Wealth Management LLC grew its holdings in Invesco FTSE RAFI Developed Markets ex-U.S. ETF by 6.0% during the third quarter. Johnson & White Wealth Management LLC now owns 315,988 shares of the company’s stock worth $16,472,000 after acquiring an additional 17,923 shares during the period. Arlington Financial Advisors LLC grew its holdings in Invesco FTSE RAFI Developed Markets ex-U.S. ETF by 0.3% during the second quarter. Arlington Financial Advisors LLC now owns 183,236 shares of the company’s stock worth $8,920,000 after acquiring an additional 575 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in Invesco FTSE RAFI Developed Markets ex-U.S. ETF by 9.2% during the second quarter. Envestnet Asset Management Inc. now owns 118,763 shares of the company’s stock worth $5,781,000 after acquiring an additional 10,026 shares during the period.

About Invesco FTSE 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.