Invesco FTSE RAFI Developed Markets ex-U.S. ETF (NYSEARCA:PXF) Sees Large Volume Increase – What’s Next?

Shares of Invesco FTSE RAFI Developed Markets ex-U.S. ETF (NYSEARCA:PXF) saw an uptick in trading volume on Friday . 351,453 shares were traded during mid-day trading, an increase of 338% from the previous session’s volume of 80,262 shares.The stock last traded at $50.70 and had previously closed at $50.67.

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

The firm has a market cap of $1.75 billion, a P/E ratio of 11.95 and a beta of 0.79. The stock has a fifty day simple moving average of $48.90 and a 200 day simple moving average of $49.76.

Hedge Funds Weigh In On Invesco FTSE RAFI Developed Markets ex-U.S. ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its position in Invesco FTSE RAFI Developed Markets ex-U.S. ETF by 8.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 12,294,100 shares of the company’s stock valued at $588,764,000 after purchasing an additional 938,939 shares in the last quarter. Charles Schwab Trust Co increased its holdings in shares of Invesco FTSE RAFI Developed Markets ex-U.S. ETF by 18.2% in the fourth quarter. Charles Schwab Trust Co now owns 382,505 shares of the company’s stock worth $18,318,000 after purchasing an additional 58,852 shares during the last quarter. Johnson & White Wealth Management LLC increased its stake in Invesco FTSE RAFI Developed Markets ex-U.S. ETF by 8.9% during the fourth quarter. Johnson & White Wealth Management LLC now owns 344,127 shares of the company’s stock worth $16,429,000 after acquiring an additional 28,139 shares during the last quarter. Arlington Financial Advisors LLC increased its stake in Invesco FTSE RAFI Developed Markets ex-U.S. ETF by 25.6% during the fourth quarter. Arlington Financial Advisors LLC now owns 228,568 shares of the company’s stock worth $10,946,000 after acquiring an additional 46,620 shares during the last quarter. Finally, Vertex Planning Partners LLC increased its stake in Invesco FTSE RAFI Developed Markets ex-U.S. ETF by 131.1% during the third quarter. Vertex Planning Partners LLC now owns 93,368 shares of the company’s stock worth $4,867,000 after acquiring an additional 52,974 shares during the last quarter.

Invesco FTSE 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.