Archer Investment Corp Reduces Holdings in Invesco RAFI Developed Markets ex-U.S. ETF (NYSEARCA:PXF)

Archer Investment Corp decreased its position in shares of Invesco RAFI Developed Markets ex-U.S. ETF (NYSEARCA:PXF) by 1.1% during the 1st quarter, HoldingsChannel.com reports. The firm owned 65,026 shares of the company’s stock after selling 715 shares during the quarter. Invesco RAFI Developed Markets ex-U.S. ETF makes up approximately 0.9% of Archer Investment Corp’s portfolio, making the stock its 21st largest holding. Archer Investment Corp’s holdings in Invesco RAFI Developed Markets ex-U.S. ETF were worth $3,381,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in PXF. Invesco Ltd. grew its holdings in shares of Invesco RAFI Developed Markets ex-U.S. ETF by 4.2% during the fourth quarter. Invesco Ltd. now owns 4,585,831 shares of the company’s stock worth $219,615,000 after buying an additional 186,093 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Invesco RAFI Developed Markets ex-U.S. ETF by 20.5% during the first quarter. Bank of New York Mellon Corp now owns 872,105 shares of the company’s stock worth $45,341,000 after buying an additional 148,370 shares during the last quarter. LPL Financial LLC grew its holdings in shares of Invesco RAFI Developed Markets ex-U.S. ETF by 4.7% during the fourth quarter. LPL Financial LLC now owns 505,819 shares of the company’s stock worth $24,224,000 after buying an additional 22,845 shares during the last quarter. Johnson & White Wealth Management LLC grew its holdings in shares of Invesco RAFI Developed Markets ex-U.S. ETF by 5.5% during the first quarter. Johnson & White Wealth Management LLC now owns 362,994 shares of the company’s stock worth $18,872,000 after buying an additional 18,867 shares during the last quarter. Finally, Wells Fargo & Company MN grew its holdings in shares of Invesco RAFI Developed Markets ex-U.S. ETF by 15.2% during the fourth quarter. Wells Fargo & Company MN now owns 350,436 shares of the company’s stock worth $16,782,000 after buying an additional 46,187 shares during the last quarter.

Invesco RAFI Developed Markets ex-U.S. ETF Trading Up 0.2%

Shares of NYSEARCA PXF traded up $0.11 during midday trading on Friday, reaching $57.42. 1,172 shares of the company were exchanged, compared to its average volume of 100,956. Invesco RAFI Developed Markets ex-U.S. ETF has a 1 year low of $45.78 and a 1 year high of $58.02. The stock has a fifty day simple moving average of $56.57 and a 200 day simple moving average of $52.94. The stock has a market cap of $2.04 billion, a P/E ratio of 12.91 and a beta of 0.90.

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.