Invesco RAFI Developed Markets ex-U.S. ETF (NYSEARCA:PXF) Reaches New 12-Month High – What’s Next?

Invesco RAFI Developed Markets ex-U.S. ETF (NYSEARCA:PXF) hit a new 52-week high during trading on Thursday . The stock traded as high as $81.50 and last traded at $79.2850, with a volume of 3527 shares trading hands. The stock had previously closed at $78.36.

Invesco RAFI Developed Markets ex-U.S. ETF Trading Up 1.2%

The firm has a market capitalization of $2.97 billion, a PE ratio of 12.91 and a beta of 0.74. The firm’s fifty day moving average price is $78.06 and its 200 day moving average price is $75.44.

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

Several hedge funds have recently added to or reduced their stakes in the business. Retirement Planning Group LLC boosted its position in Invesco RAFI Developed Markets ex-U.S. ETF by 8.3% in the 1st quarter. Retirement Planning Group LLC now owns 87,083 shares of the company’s stock worth $6,087,000 after purchasing an additional 6,677 shares in the last quarter. Maltin Wealth Management Inc. increased its holdings in shares of Invesco RAFI Developed Markets ex-U.S. ETF by 54.5% during the 1st quarter. Maltin Wealth Management Inc. now owns 171,534 shares of the company’s stock valued at $11,990,000 after purchasing an additional 60,518 shares in the last quarter. Targeted Financial Services LLC purchased a new position in shares of Invesco RAFI Developed Markets ex-U.S. ETF during the 4th quarter valued at approximately $856,000. Commonwealth Equity Services LLC lifted its stake in shares of Invesco RAFI Developed Markets ex-U.S. ETF by 18.0% in the 4th quarter. Commonwealth Equity Services LLC now owns 81,662 shares of the company’s stock valued at $5,353,000 after purchasing an additional 12,448 shares during the period. Finally, Bank of America Corp DE lifted its stake in shares of Invesco RAFI Developed Markets ex-U.S. ETF by 7.5% in the 1st quarter. Bank of America Corp DE now owns 963,927 shares of the company’s stock valued at $67,379,000 after purchasing an additional 67,149 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.