Invesco RAFI Developed Markets ex-U.S. ETF (NYSEARCA:PXF) Sees Unusually-High Trading Volume – Here’s What Happened

Invesco RAFI Developed Markets ex-U.S. ETF (NYSEARCA:PXF) shares saw strong trading volume on Friday . 256,529 shares were traded during mid-day trading, an increase of 214% from the previous session’s volume of 81,650 shares.The stock last traded at $62.0050 and had previously closed at $62.13.

Invesco RAFI Developed Markets ex-U.S. ETF Price Performance

The firm’s 50 day moving average price is $61.45 and its 200-day moving average price is $58.50. The firm has a market cap of $2.14 billion, a price-to-earnings ratio of 12.91 and a beta of 0.82.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp raised its position in Invesco RAFI Developed Markets ex-U.S. ETF by 20.5% in the first quarter. Bank of New York Mellon Corp now owns 872,105 shares of the company’s stock worth $45,341,000 after purchasing an additional 148,370 shares in the last quarter. Goldman Sachs Group Inc. acquired a new position in shares of Invesco RAFI Developed Markets ex-U.S. ETF in the 1st quarter worth approximately $1,306,000. Crewe Advisors LLC raised its holdings in shares of Invesco RAFI Developed Markets ex-U.S. ETF by 10.3% in the 2nd quarter. Crewe Advisors LLC now owns 1,841 shares of the company’s stock worth $106,000 after buying an additional 172 shares in the last quarter. Blair William & Co. IL lifted its position in shares of Invesco RAFI Developed Markets ex-U.S. ETF by 101.2% during the 1st quarter. Blair William & Co. IL now owns 1,026 shares of the company’s stock worth $53,000 after buying an additional 516 shares during the period. Finally, Verum Partners LLC boosted its stake in Invesco RAFI Developed Markets ex-U.S. ETF by 1.3% in the 2nd quarter. Verum Partners LLC now owns 66,905 shares of the company’s stock valued at $3,842,000 after buying an additional 852 shares in the last quarter.

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