Invesco RAFI Developed Markets ex-U.S. ETF (NYSEARCA:PXF) Sets New 1-Year High – Should You Buy?

Invesco RAFI Developed Markets ex-U.S. ETF (NYSEARCA:PXFGet Free Report) reached a new 52-week high on Thursday . The company traded as high as $79.34 and last traded at $79.27, with a volume of 54277 shares trading hands. The stock had previously closed at $78.72.

Invesco RAFI Developed Markets ex-U.S. ETF Stock Up 0.7%

The stock has a market cap of $2.97 billion, a price-to-earnings ratio of 12.91 and a beta of 0.74. The company’s 50-day moving average is $76.43 and its 200-day moving average is $74.25.

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

Several hedge funds and other institutional investors have recently modified their holdings of PXF. Root Financial Partners LLC grew its holdings in shares of Invesco RAFI Developed Markets ex-U.S. ETF by 3.6% in the 4th quarter. Root Financial Partners LLC now owns 4,336 shares of the company’s stock worth $284,000 after purchasing an additional 151 shares during the last quarter. Colonial River Investments LLC lifted its holdings in Invesco RAFI Developed Markets ex-U.S. ETF by 1.7% during the 4th quarter. Colonial River Investments LLC now owns 13,212 shares of the company’s stock valued at $866,000 after purchasing an additional 225 shares during the last quarter. Aptus Capital Advisors LLC boosted its position in Invesco RAFI Developed Markets ex-U.S. ETF by 8.7% in the fourth quarter. Aptus Capital Advisors LLC now owns 2,976 shares of the company’s stock valued at $195,000 after buying an additional 237 shares in the last quarter. Blair William & Co. IL boosted its position in Invesco RAFI Developed Markets ex-U.S. ETF by 11.6% in the fourth quarter. Blair William & Co. IL now owns 2,428 shares of the company’s stock valued at $159,000 after buying an additional 252 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its stake in Invesco RAFI Developed Markets ex-U.S. ETF by 3.9% during the fourth quarter. Geneos Wealth Management Inc. now owns 6,919 shares of the company’s stock worth $454,000 after buying an additional 261 shares during the last quarter.

About Invesco 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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