Riverchase Wealth Management LLC Makes New $1.23 Million Investment in Invesco FTSE RAFI Developed Markets ex-U.S. ETF (NYSEARCA:PXF)

Riverchase Wealth Management LLC bought a new stake in shares of Invesco FTSE RAFI Developed Markets ex-U.S. ETF (NYSEARCA:PXF) in the fourth quarter, Holdings Channel reports. The fund bought 25,629 shares of the company’s stock, valued at approximately $1,227,000. Invesco FTSE RAFI Developed Markets ex-U.S. ETF accounts for approximately 0.9% of Riverchase Wealth Management LLC’s investment portfolio, making the stock its 22nd largest holding.

A number of other large investors have also added to or reduced their stakes in PXF. Cerity Partners LLC raised its holdings in Invesco FTSE RAFI Developed Markets ex-U.S. ETF by 27.8% during the third quarter. Cerity Partners LLC now owns 30,660 shares of the company’s stock valued at $1,598,000 after acquiring an additional 6,671 shares during the period. Larson Financial Group LLC grew its stake in shares of Invesco FTSE RAFI Developed Markets ex-U.S. ETF by 64.7% during the third quarter. Larson Financial Group LLC now owns 2,641 shares of the company’s stock valued at $138,000 after buying an additional 1,037 shares during the last quarter. FMR LLC increased its holdings in Invesco FTSE RAFI Developed Markets ex-U.S. ETF by 7.2% during the 3rd quarter. FMR LLC now owns 20,056 shares of the company’s stock worth $1,046,000 after purchasing an additional 1,341 shares during the period. Townsquare Capital LLC bought a new stake in shares of Invesco FTSE RAFI Developed Markets ex-U.S. ETF in the third quarter valued at about $1,523,000. Finally, HighTower Advisors LLC raised its stake in Invesco FTSE RAFI Developed Markets ex-U.S. ETF by 2.6% in the third quarter. HighTower Advisors LLC now owns 84,990 shares of the company’s stock worth $4,431,000 after buying an additional 2,191 shares in the last quarter.

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

NYSEARCA PXF opened at $53.06 on Friday. Invesco FTSE RAFI Developed Markets ex-U.S. ETF has a 12-month low of $46.21 and a 12-month high of $54.49. The firm has a market capitalization of $1.82 billion, a P/E ratio of 13.62 and a beta of 0.90. The firm’s fifty day simple moving average is $51.53 and its two-hundred day simple moving average is $50.35.

Invesco FTSE RAFI Developed Markets ex-U.S. ETF Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 24th will be issued a dividend of $0.4633 per share. The ex-dividend date of this dividend is Monday, March 24th.

Invesco FTSE RAFI Developed Markets ex-U.S. ETF 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.