Invesco RAFI Developed Markets ex-U.S. ETF (NYSEARCA:PXF) Reaches New 52-Week High – Here’s What Happened

Shares of Invesco RAFI Developed Markets ex-U.S. ETF (NYSEARCA:PXF) hit a new 52-week high during trading on Thursday . The company traded as high as $77.00 and last traded at $76.97, with a volume of 68524 shares trading hands. The stock had previously closed at $76.23.

Invesco RAFI Developed Markets ex-U.S. ETF Stock Down 0.5%

The stock has a 50 day moving average price of $72.66 and a 200 day moving average price of $69.43. The stock has a market capitalization of $2.86 billion, a price-to-earnings ratio of 12.91 and a beta of 0.72.

Institutional Trading of Invesco RAFI Developed Markets ex-U.S. ETF

A number of hedge funds have recently made changes to their positions in PXF. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Invesco RAFI Developed Markets ex-U.S. ETF by 444.9% during the fourth 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 in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Invesco RAFI Developed Markets ex-U.S. ETF in the fourth quarter worth approximately $36,259,000. Bank of New York Mellon Corp lifted its stake in shares of Invesco RAFI Developed Markets ex-U.S. ETF by 44.8% in the fourth quarter. Bank of New York Mellon Corp now owns 1,204,516 shares of the company’s stock worth $78,950,000 after acquiring an additional 372,856 shares during the period. Align Financial LLC acquired a new position in shares of Invesco RAFI Developed Markets ex-U.S. ETF in the fourth quarter worth approximately $24,335,000. Finally, Captrust Financial Advisors lifted its stake in shares of Invesco RAFI Developed Markets ex-U.S. ETF by 101.1% in the fourth quarter. Captrust Financial Advisors now owns 264,919 shares of the company’s stock worth $17,365,000 after acquiring an additional 133,160 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.