Invesco FTSE RAFI Developed Markets ex-U.S. ETF (NYSEARCA:PXF) Sees Strong Trading Volume – Still a Buy?

Shares of Invesco FTSE RAFI Developed Markets ex-U.S. ETF (NYSEARCA:PXF) saw unusually-high trading volume on Monday . Approximately 206,134 shares were traded during mid-day trading, an increase of 153% from the previous session’s volume of 81,604 shares.The stock last traded at $47.27 and had previously closed at $47.46.

Invesco FTSE RAFI Developed Markets ex-U.S. ETF Stock Down 0.3 %

The business has a 50 day simple moving average of $48.86 and a 200-day simple moving average of $49.83. The company has a market capitalization of $1.64 billion, a P/E ratio of 11.95 and a beta of 0.79.

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

Hedge funds have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. increased its position in shares of Invesco FTSE RAFI Developed Markets ex-U.S. ETF by 2.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 11,355,161 shares of the company’s stock valued at $591,945,000 after purchasing an additional 234,733 shares during the period. Bank of Montreal Can raised its holdings in Invesco FTSE RAFI Developed Markets ex-U.S. ETF by 4,335.5% during the 2nd quarter. Bank of Montreal Can now owns 110,665 shares of the company’s stock worth $5,638,000 after buying an additional 108,170 shares during the period. Stifel Financial Corp acquired a new position in shares of Invesco FTSE RAFI Developed Markets ex-U.S. ETF in the third quarter worth about $3,253,000. Vertex Planning Partners LLC increased its position in shares of Invesco FTSE RAFI Developed Markets ex-U.S. ETF by 131.1% in the third quarter. Vertex Planning Partners LLC now owns 93,368 shares of the company’s stock worth $4,867,000 after acquiring an additional 52,974 shares in the last quarter. Finally, Townsquare Capital LLC purchased a new position in shares of Invesco FTSE RAFI Developed Markets ex-U.S. ETF in the third quarter worth approximately $1,523,000.

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.