Invesco RAFI Developed Markets ex-U.S. ETF (NYSEARCA:PXF) Reaches New 52-Week High – Still a Buy?
by Renee Jackson · The Cerbat GemInvesco RAFI Developed Markets ex-U.S. ETF (NYSEARCA:PXF – Get Free Report) hit a new 52-week high during trading on Friday . The company traded as high as $67.35 and last traded at $67.1810, with a volume of 4348 shares changing hands. The stock had previously closed at $66.80.
Invesco RAFI Developed Markets ex-U.S. ETF Trading Up 0.7%
The firm has a market cap of $2.35 billion, a price-to-earnings ratio of 12.91 and a beta of 0.82. The firm’s 50 day simple moving average is $64.24 and its two-hundred day simple moving average is $61.37.
Hedge Funds Weigh In On Invesco RAFI Developed Markets ex-U.S. ETF
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. lifted its position in Invesco RAFI Developed Markets ex-U.S. ETF by 1.4% during the second quarter. Charles Schwab Investment Management Inc. now owns 11,861,260 shares of the company’s stock worth $681,074,000 after purchasing an additional 161,989 shares during the period. CIBC Bancorp USA Inc. bought a new stake in Invesco RAFI Developed Markets ex-U.S. ETF during the third quarter worth $8,060,000. Invesco Ltd. increased its stake in shares of Invesco RAFI Developed Markets ex-U.S. ETF by 2.9% in the 2nd quarter. Invesco Ltd. now owns 4,588,907 shares of the company’s stock valued at $263,495,000 after purchasing an additional 130,557 shares during the last quarter. Equitable Holdings Inc. lifted its position in shares of Invesco RAFI Developed Markets ex-U.S. ETF by 61.2% during the 2nd quarter. Equitable Holdings Inc. now owns 291,794 shares of the company’s stock worth $16,755,000 after buying an additional 110,749 shares during the last quarter. Finally, Citadel Advisors LLC raised its stake in 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 worth $13,816,000 after acquiring an additional 100,554 shares in the last quarter.
Invesco 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.