Invesco RAFI Developed Markets ex-U.S. ETF (NYSEARCA:PXF) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Invesco RAFI Developed Markets ex-U.S. ETF (NYSEARCA:PXF) saw strong trading volume on Tuesday . 443,798 shares traded hands during mid-day trading, an increase of 434% from the previous session’s volume of 83,161 shares.The stock last traded at $62.8250 and had previously closed at $62.14.

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

The company has a market cap of $2.18 billion, a PE ratio of 12.91 and a beta of 0.82. The stock’s 50-day moving average is $61.95 and its 200 day moving average is $59.36.

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

Several institutional investors and hedge funds have recently modified their holdings of the stock. CIBC Private Wealth Group LLC grew its stake in Invesco RAFI Developed Markets ex-U.S. ETF by 1.0% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 131,755 shares of the company’s stock valued at $8,060,000 after acquiring an additional 1,300 shares during the period. CIBC Bancorp USA Inc. purchased a new stake in shares of Invesco RAFI Developed Markets ex-U.S. ETF during the third quarter worth $8,060,000. Captrust Financial Advisors lifted its stake in shares of Invesco RAFI Developed Markets ex-U.S. ETF by 1.2% in the third quarter. Captrust Financial Advisors now owns 131,759 shares of the company’s stock worth $8,060,000 after buying an additional 1,502 shares in the last quarter. Palisade Asset Management LLC acquired a new stake in Invesco RAFI Developed Markets ex-U.S. ETF in the 3rd quarter valued at about $47,000. Finally, Triumph Capital Management purchased a new position in Invesco RAFI Developed Markets ex-U.S. ETF in the 3rd quarter worth approximately $59,000.

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.