Invesco RAFI Developed Markets ex-U.S. ETF (NYSEARCA:PXF) Hits New 1-Year High – Should You Buy?

Invesco RAFI Developed Markets ex-U.S. ETF (NYSEARCA:PXF)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $68.82 and last traded at $68.5950, with a volume of 61966 shares traded. The stock had previously closed at $67.43.

Invesco RAFI Developed Markets ex-U.S. ETF Trading Up 1.7%

The firm has a market capitalization of $2.40 billion, a P/E ratio of 12.91 and a beta of 0.82. The business’s 50 day simple moving average is $65.09 and its two-hundred day simple moving average is $62.04.

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

Several institutional investors and hedge funds have recently made changes to their positions in PXF. Farther Finance Advisors LLC raised its position in Invesco RAFI Developed Markets ex-U.S. ETF by 62,181.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 20,553 shares of the company’s stock worth $1,257,000 after buying an additional 20,520 shares during the last quarter. Crewe Advisors LLC boosted its holdings in shares of Invesco RAFI Developed Markets ex-U.S. ETF by 10.3% during the 2nd quarter. Crewe Advisors LLC now owns 1,841 shares of the company’s stock valued at $106,000 after acquiring an additional 172 shares during the last quarter. Assetmark Inc. bought a new stake in shares of Invesco RAFI Developed Markets ex-U.S. ETF in the second quarter worth approximately $71,000. Verum Partners LLC raised its holdings in shares of Invesco RAFI Developed Markets ex-U.S. ETF by 1.3% during the second quarter. Verum Partners LLC now owns 66,905 shares of the company’s stock valued at $3,842,000 after purchasing an additional 852 shares during the last quarter. Finally, Johnson & White Wealth Management LLC raised its holdings in shares of Invesco RAFI Developed Markets ex-U.S. ETF by 0.9% during the second quarter. Johnson & White Wealth Management LLC now owns 366,105 shares of the company’s stock valued at $21,022,000 after purchasing an additional 3,111 shares during the last quarter.

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.