Invesco RAFI Developed Markets ex-U.S. ETF (NYSEARCA:PXF) Sets New 52-Week High – Should You Buy?

Invesco RAFI Developed Markets ex-U.S. ETF (NYSEARCA:PXF) hit a new 52-week high on Wednesday . The stock traded as high as $80.00 and last traded at $79.90, with a volume of 354707 shares changing hands. The stock had previously closed at $79.40.

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

The firm has a market cap of $2.98 billion, a price-to-earnings ratio of 12.91 and a beta of 0.74. The business has a 50-day moving average of $77.00 and a 200-day moving average of $74.93.

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

Institutional investors and hedge funds have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. grew its stake in shares of Invesco RAFI Developed Markets ex-U.S. ETF by 444.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 794,407 shares of the company’s stock valued at $52,073,000 after buying an additional 648,623 shares in the last quarter. Bank of New York Mellon Corp raised its position in Invesco RAFI Developed Markets ex-U.S. ETF by 44.8% during the fourth quarter. Bank of New York Mellon Corp now owns 1,204,516 shares of the company’s stock worth $78,950,000 after acquiring an additional 372,856 shares in the last quarter. Align Financial LLC bought a new stake in Invesco RAFI Developed Markets ex-U.S. ETF during the fourth quarter worth $24,335,000. Captrust Financial Advisors lifted its stake in Invesco RAFI Developed Markets ex-U.S. ETF by 101.1% in the fourth quarter. Captrust Financial Advisors now owns 264,919 shares of the company’s stock valued at $17,365,000 after acquiring an additional 133,160 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Invesco RAFI Developed Markets ex-U.S. ETF by 112.6% in the fourth quarter. JPMorgan Chase & Co. now owns 244,255 shares of the company’s stock valued at $16,010,000 after acquiring an additional 129,346 shares during 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.