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

Invesco RAFI Developed Markets ex-U.S. ETF (NYSEARCA:PXF)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $73.07 and last traded at $73.07, with a volume of 86657 shares. The stock had previously closed at $72.02.

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

The firm has a market cap of $2.57 billion, a price-to-earnings ratio of 12.91 and a beta of 0.82. The business’s 50-day moving average price is $67.79 and its two-hundred day moving average price is $63.54.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. grew its position in shares of Invesco RAFI Developed Markets ex-U.S. ETF by 444.9% in 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 during the period. Sanctuary Advisors LLC acquired a new stake in Invesco RAFI Developed Markets ex-U.S. ETF in the 4th quarter worth about $36,259,000. Bank of New York Mellon Corp boosted its stake in Invesco RAFI Developed Markets ex-U.S. ETF by 44.8% in the 4th quarter. Bank of New York Mellon Corp now owns 1,204,516 shares of the company’s stock worth $78,950,000 after buying an additional 372,856 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Invesco RAFI Developed Markets ex-U.S. ETF by 1.4% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 11,861,260 shares of the company’s stock valued at $681,074,000 after buying an additional 161,989 shares during the period. Finally, CIBC Bancorp USA Inc. purchased a new stake in Invesco RAFI Developed Markets ex-U.S. ETF in the 3rd quarter valued at about $8,060,000.

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.