Invesco FTSE RAFI Developed Markets ex-U.S. ETF (NYSEARCA:PXF) Sees Large Volume Increase – Time to Buy?

Invesco FTSE RAFI Developed Markets ex-U.S. ETF (NYSEARCA:PXF) shares saw an uptick in trading volume on Friday . 303,451 shares changed hands during trading, an increase of 352% from the previous session’s volume of 67,204 shares.The stock last traded at $49.39 and had previously closed at $49.47.

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

The firm has a market capitalization of $1.71 billion, a P/E ratio of 11.95 and a beta of 0.79. The firm’s 50-day moving average is $49.86 and its 200 day moving average is $50.07.

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

Hedge funds and other institutional investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its position in Invesco FTSE RAFI Developed Markets ex-U.S. ETF by 2.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 11,355,161 shares of the company’s stock worth $591,945,000 after buying an additional 234,733 shares in the last quarter. Charles Schwab Trust Co increased its position in shares of Invesco FTSE RAFI Developed Markets ex-U.S. ETF by 6.4% in the third quarter. Charles Schwab Trust Co now owns 323,653 shares of the company’s stock valued at $16,872,000 after acquiring an additional 19,397 shares during the last quarter. Johnson & White Wealth Management LLC raised its holdings in Invesco FTSE RAFI Developed Markets ex-U.S. ETF by 6.0% during the third quarter. Johnson & White Wealth Management LLC now owns 315,988 shares of the company’s stock worth $16,472,000 after acquiring an additional 17,923 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in Invesco FTSE RAFI Developed Markets ex-U.S. ETF by 9.2% during the second quarter. Envestnet Asset Management Inc. now owns 118,763 shares of the company’s stock valued at $5,781,000 after purchasing an additional 10,026 shares during the last quarter. Finally, Bank of Montreal Can grew its stake in Invesco FTSE RAFI Developed Markets ex-U.S. ETF by 4,335.5% in the second quarter. Bank of Montreal Can now owns 110,665 shares of the company’s stock valued at $5,638,000 after purchasing an additional 108,170 shares in 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.