Invesco RAFI Developed Markets ex-U.S. ETF (NYSEARCA:PXF) Sets New 1-Year High – Here’s Why

Invesco RAFI Developed Markets ex-U.S. ETF (NYSEARCA:PXF)’s stock price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $65.73 and last traded at $65.56, with a volume of 29515 shares. The stock had previously closed at $65.45.

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

The firm’s 50-day simple moving average is $63.55 and its 200 day simple moving average is $60.81. The company has a market capitalization of $2.27 billion, a PE ratio of 12.91 and a beta of 0.82.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bell Investment Advisors Inc boosted its holdings in shares of Invesco RAFI Developed Markets ex-U.S. ETF by 113.9% during the second quarter. Bell Investment Advisors Inc now owns 492 shares of the company’s stock valued at $28,000 after acquiring an additional 262 shares during the period. Palisade Asset Management LLC bought a new stake in Invesco RAFI Developed Markets ex-U.S. ETF in the 3rd quarter valued at about $47,000. Newbridge Financial Services Group Inc. bought a new stake in Invesco RAFI Developed Markets ex-U.S. ETF in the 2nd quarter valued at about $44,000. Harbour Investments Inc. boosted its stake in Invesco RAFI Developed Markets ex-U.S. ETF by 103.9% during the 2nd quarter. Harbour Investments Inc. now owns 883 shares of the company’s stock valued at $51,000 after purchasing an additional 450 shares during the period. Finally, Triumph Capital Management bought a new position in Invesco RAFI Developed Markets ex-U.S. ETF in the 3rd quarter worth about $59,000.

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.