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 unusually-high trading volume on Friday . Approximately 536,679 shares traded hands 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 Price Performance

The firm has a market cap of $1.64 billion, a PE ratio of 13.62 and a beta of 0.90. The business has a fifty day moving average price of $51.77 and a two-hundred day moving average price of $50.37.

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

The firm also recently announced a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were paid a dividend of $0.4633 per share. The ex-dividend date of this dividend was Monday, March 24th.

Institutional Trading of Invesco FTSE RAFI Developed Markets ex-U.S. ETF

A number of hedge funds have recently made changes to their positions in PXF. Brown Brothers Harriman & Co. acquired a new position in Invesco FTSE RAFI Developed Markets ex-U.S. ETF in the 4th quarter valued at approximately $30,000. Spire Wealth Management increased its stake in shares of Invesco FTSE RAFI Developed Markets ex-U.S. ETF by 19.9% in the fourth quarter. Spire Wealth Management now owns 1,842 shares of the company’s stock worth $88,000 after acquiring an additional 306 shares during the last quarter. CoreCap Advisors LLC raised its holdings in shares of Invesco FTSE RAFI Developed Markets ex-U.S. ETF by 16.5% during the fourth quarter. CoreCap Advisors LLC now owns 3,387 shares of the company’s stock worth $162,000 after acquiring an additional 479 shares in the last quarter. Jones Financial Companies Lllp boosted its position in Invesco FTSE RAFI Developed Markets ex-U.S. ETF by 42.8% during the fourth quarter. Jones Financial Companies Lllp now owns 4,984 shares of the company’s stock valued at $239,000 after purchasing an additional 1,494 shares during the last quarter. Finally, Modera Wealth Management LLC grew its stake in Invesco FTSE RAFI Developed Markets ex-U.S. ETF by 20.2% in the fourth quarter. Modera Wealth Management LLC now owns 5,189 shares of the company’s stock valued at $249,000 after purchasing an additional 872 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.