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

Shares of Invesco RAFI Developed Markets ex-U.S. ETF (NYSEARCA:PXF) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $80.65 and last traded at $80.20, with a volume of 117247 shares traded. The stock had previously closed at $80.44.

Invesco RAFI Developed Markets ex-U.S. ETF Stock Down 0.3%

The stock has a 50-day simple moving average of $77.64 and a 200 day simple moving average of $75.27. The company has a market cap of $3.01 billion, a PE ratio of 12.91 and a beta of 0.74.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. increased its holdings in Invesco RAFI Developed Markets ex-U.S. ETF by 444.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 794,407 shares of the company’s stock valued at $52,073,000 after purchasing an additional 648,623 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Invesco RAFI Developed Markets ex-U.S. ETF by 44.8% during the 4th quarter. Bank of New York Mellon Corp now owns 1,204,516 shares of the company’s stock valued at $78,950,000 after acquiring an additional 372,856 shares during the period. Align Financial LLC acquired a new position in Invesco RAFI Developed Markets ex-U.S. ETF in the 4th quarter valued at about $24,335,000. Captrust Financial Advisors grew its position in Invesco RAFI Developed Markets ex-U.S. ETF by 101.1% in the 4th 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 in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Invesco RAFI Developed Markets ex-U.S. ETF by 112.6% during the fourth quarter. JPMorgan Chase & Co. now owns 244,255 shares of the company’s stock worth $16,010,000 after purchasing an additional 129,346 shares during the period.

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.