Invesco FTSE RAFI Developed Markets ex-U.S. ETF (NYSEARCA:PXF) Sets New 12-Month High – Still a Buy?

Shares of Invesco FTSE RAFI Developed Markets ex-U.S. ETF (NYSEARCA:PXF) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $53.73 and last traded at $53.77, with a volume of 2322 shares trading hands. The stock had previously closed at $53.29.

Invesco FTSE RAFI Developed Markets ex-U.S. ETF Trading Up 0.8 %

The firm has a 50 day moving average price of $50.53 and a 200 day moving average price of $50.18. The stock has a market capitalization of $1.92 billion, a PE ratio of 13.72 and a beta of 0.90.

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

Institutional investors and hedge funds have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. boosted its holdings in shares of Invesco FTSE RAFI Developed Markets ex-U.S. ETF by 8.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 12,294,100 shares of the company’s stock valued at $588,764,000 after purchasing an additional 938,939 shares during the last quarter. Invesco Ltd. increased its stake in Invesco FTSE RAFI Developed Markets ex-U.S. ETF by 4.2% in the 4th quarter. Invesco Ltd. now owns 4,585,831 shares of the company’s stock worth $219,615,000 after acquiring an additional 186,093 shares during the last quarter. CIBC Private Wealth Group LLC raised its holdings in shares of Invesco FTSE RAFI Developed Markets ex-U.S. ETF by 3,213.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 139,147 shares of the company’s stock worth $6,703,000 after acquiring an additional 134,948 shares in the last quarter. Stifel Financial Corp bought a new position in shares of Invesco FTSE RAFI Developed Markets ex-U.S. ETF during the 3rd quarter valued at approximately $3,253,000. Finally, Charles Schwab Trust Co increased its position in Invesco FTSE RAFI Developed Markets ex-U.S. ETF by 18.2% in the fourth quarter. Charles Schwab Trust Co now owns 382,505 shares of the company’s stock worth $18,318,000 after purchasing an additional 58,852 shares during the last quarter.

Invesco FTSE 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.