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

Invesco FTSE RAFI Developed Markets ex-U.S. ETF (NYSEARCA:PXF) shares saw unusually-high trading volume on Friday . Approximately 303,451 shares changed hands during mid-day trading, an increase of 352% from the previous session’s volume of 67,204 shares.The stock last traded at $49.39 and had previously closed at $49.47.

Invesco FTSE RAFI Developed Markets ex-U.S. ETF Trading Down 0.0 %

The firm has a 50-day moving average price of $49.90 and a 200 day moving average price of $50.07. The company has a market cap of $1.71 billion, a price-to-earnings ratio of 11.95 and a beta of 0.79.

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

Several hedge funds have recently bought and sold shares of PXF. CWM LLC boosted its stake in shares of Invesco FTSE RAFI Developed Markets ex-U.S. ETF by 10.7% during the 2nd quarter. CWM LLC now owns 3,029 shares of the company’s stock worth $147,000 after acquiring an additional 292 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Invesco FTSE RAFI Developed Markets ex-U.S. ETF by 1.8% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 51,359 shares of the company’s stock worth $2,500,000 after purchasing an additional 920 shares in the last quarter. Johnson & White Wealth Management LLC boosted its stake in shares of Invesco FTSE RAFI Developed Markets ex-U.S. ETF by 13.3% in the 2nd quarter. Johnson & White Wealth Management LLC now owns 298,065 shares of the company’s stock valued at $14,510,000 after purchasing an additional 35,004 shares in the last quarter. Cidel Asset Management Inc. boosted its position in Invesco FTSE RAFI Developed Markets ex-U.S. ETF by 26.3% in the second quarter. Cidel Asset Management Inc. now owns 31,251 shares of the company’s stock valued at $1,521,000 after buying an additional 6,500 shares in the last quarter. Finally, MFA Wealth Advisors LLC bought a new stake in Invesco FTSE RAFI Developed Markets ex-U.S. ETF during the 2nd quarter worth approximately $142,000.

Invesco FTSE 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.