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

Invesco FTSE RAFI Developed Markets ex-U.S. ETF (NYSEARCA:PXF) shares saw unusually-strong trading volume on Friday . Approximately 536,679 shares were traded during mid-day trading, an increase of 601% from the previous session’s volume of 76,578 shares.The stock last traded at $47.91 and had previously closed at $51.03.

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

The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 13.62 and a beta of 0.90. The business has a 50-day simple moving average of $51.77 and a two-hundred day simple moving average of $50.37.

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

The business also recently disclosed a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were issued a $0.4633 dividend. The ex-dividend date of this dividend was Monday, March 24th.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. lifted its stake in shares of Invesco FTSE RAFI Developed Markets ex-U.S. ETF by 8.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 12,294,100 shares of the company’s stock worth $588,764,000 after buying an additional 938,939 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Invesco FTSE RAFI Developed Markets ex-U.S. ETF by 4.2% during the fourth quarter. Invesco Ltd. now owns 4,585,831 shares of the company’s stock worth $219,615,000 after purchasing an additional 186,093 shares during the period. LPL Financial LLC increased its stake in Invesco FTSE RAFI Developed Markets ex-U.S. ETF by 4.7% during the 4th quarter. LPL Financial LLC now owns 505,819 shares of the company’s stock worth $24,224,000 after acquiring an additional 22,845 shares during the period. Charles Schwab Trust Co boosted its position in shares of Invesco FTSE RAFI Developed Markets ex-U.S. ETF by 18.2% during the 4th quarter. Charles Schwab Trust Co now owns 382,505 shares of the company’s stock worth $18,318,000 after acquiring an additional 58,852 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in shares of Invesco FTSE RAFI Developed Markets ex-U.S. ETF by 15.2% in the 4th quarter. Wells Fargo & Company MN now owns 350,436 shares of the company’s stock valued at $16,782,000 after purchasing an additional 46,187 shares in the last quarter.

About Invesco FTSE 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.