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

Shares of Invesco FTSE RAFI Developed Markets ex-U.S. ETF (NYSEARCA:PXFGet Free Report) hit a new 52-week high on Tuesday . The company traded as high as $54.62 and last traded at $54.56, with a volume of 46767 shares. The stock had previously closed at $54.33.

Invesco FTSE RAFI Developed Markets ex-U.S. ETF Stock Down 0.5%

The stock has a market capitalization of $1.93 billion, a price-to-earnings ratio of 13.47 and a beta of 0.82. The company has a 50 day simple moving average of $52.22 and a 200-day simple moving average of $50.52.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of PXF. Brown Brothers Harriman & Co. acquired a new position in shares of Invesco FTSE RAFI Developed Markets ex-U.S. ETF during the fourth quarter valued at about $30,000. Fairway Wealth LLC bought a new stake in Invesco FTSE RAFI Developed Markets ex-U.S. ETF in the 1st quarter valued at about $31,000. AlphaCore Capital LLC acquired a new position in Invesco FTSE RAFI Developed Markets ex-U.S. ETF during the 1st quarter worth approximately $50,000. Blair William & Co. IL boosted its holdings in Invesco FTSE RAFI Developed Markets ex-U.S. ETF by 101.2% in the first quarter. Blair William & Co. IL now owns 1,026 shares of the company’s stock worth $53,000 after acquiring an additional 516 shares in the last quarter. Finally, Spire Wealth Management grew its stake in Invesco FTSE RAFI Developed Markets ex-U.S. ETF by 19.9% in the fourth quarter. Spire Wealth Management now owns 1,842 shares of the company’s stock valued at $88,000 after acquiring an additional 306 shares during the period.

About Invesco FTSE RAFI Developed Markets ex-U.S. ETF

(Get Free Report)

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.

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