Invesco RAFI Developed Markets ex-U.S. ETF (NYSEARCA:PXF) Sees Strong Trading Volume – What’s Next?

Invesco RAFI Developed Markets ex-U.S. ETF (NYSEARCA:PXF) saw unusually-strong trading volume on Tuesday . Approximately 491,544 shares were traded during trading, an increase of 290% from the previous session’s volume of 125,971 shares.The stock last traded at $74.8520 and had previously closed at $74.57.

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

The business has a 50 day simple moving average of $69.09 and a 200 day simple moving average of $64.42. The stock has a market cap of $2.62 billion, a PE ratio of 12.91 and a beta of 0.82.

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 business. Brown Brothers Harriman & Co. bought a new stake in Invesco RAFI Developed Markets ex-U.S. ETF in the fourth quarter worth approximately $26,000. Tidemark LLC bought a new position in shares of Invesco RAFI Developed Markets ex-U.S. ETF during the 4th quarter valued at $27,000. Bell Investment Advisors Inc lifted its stake in shares of Invesco RAFI Developed Markets ex-U.S. ETF by 113.9% in the 2nd quarter. Bell Investment Advisors Inc now owns 492 shares of the company’s stock valued at $28,000 after purchasing an additional 262 shares during the last quarter. Bogart Wealth LLC bought a new stake in Invesco RAFI Developed Markets ex-U.S. ETF in the fourth quarter worth $40,000. Finally, Palisade Asset Management LLC acquired a new position in Invesco RAFI Developed Markets ex-U.S. ETF during the third quarter worth $47,000.

About Invesco 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.