Invesco RAFI Developed Markets ex-U.S. ETF (NYSEARCA:PXF) Reaches New 12-Month High – Time to Buy?

Invesco RAFI Developed Markets ex-U.S. ETF (NYSEARCA:PXF)’s stock price reached a new 52-week high during trading on Friday . The company traded as high as $62.10 and last traded at $62.13, with a volume of 1663 shares trading hands. The stock had previously closed at $61.57.

Invesco RAFI Developed Markets ex-U.S. ETF Stock Up 0.9%

The stock has a market capitalization of $2.17 billion, a price-to-earnings ratio of 12.91 and a beta of 0.90. The stock’s 50-day simple moving average is $60.19 and its 200 day simple moving average is $56.64.

Hedge Funds Weigh In On Invesco RAFI Developed Markets ex-U.S. ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its stake in shares of Invesco RAFI Developed Markets ex-U.S. ETF by 1.4% in the second quarter. Charles Schwab Investment Management Inc. now owns 11,861,260 shares of the company’s stock worth $681,074,000 after acquiring an additional 161,989 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Invesco RAFI Developed Markets ex-U.S. ETF by 20.5% in the first quarter. Bank of New York Mellon Corp now owns 872,105 shares of the company’s stock worth $45,341,000 after acquiring an additional 148,370 shares during the last quarter. Invesco Ltd. raised its stake in shares of Invesco RAFI Developed Markets ex-U.S. ETF by 2.9% in the second quarter. Invesco Ltd. now owns 4,588,907 shares of the company’s stock worth $263,495,000 after acquiring an additional 130,557 shares during the last quarter. Equitable Holdings Inc. raised its stake in shares of Invesco RAFI Developed Markets ex-U.S. ETF by 61.2% in the second quarter. Equitable Holdings Inc. now owns 291,794 shares of the company’s stock worth $16,755,000 after acquiring an additional 110,749 shares during the last quarter. Finally, AlphaCore Capital LLC raised its stake in shares of Invesco RAFI Developed Markets ex-U.S. ETF by 9,932.3% in the second quarter. AlphaCore Capital LLC now owns 96,009 shares of the company’s stock worth $5,513,000 after acquiring an additional 95,052 shares during the last quarter.

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.