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 unusually-strong trading volume on Friday . Approximately 351,453 shares traded hands 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 Price Performance

The stock has a fifty day moving average price of $48.90 and a two-hundred day moving average price of $49.76. The company has a market cap of $1.75 billion, a P/E ratio of 11.95 and a beta of 0.79.

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

A number of institutional investors have recently added to or reduced their stakes in PXF. Moisand Fitzgerald Tamayo LLC boosted its holdings in Invesco FTSE RAFI Developed Markets ex-U.S. ETF by 75.4% during the 3rd quarter. Moisand Fitzgerald Tamayo LLC now owns 477 shares of the company’s stock valued at $25,000 after acquiring an additional 205 shares during the period. Farther Finance Advisors LLC boosted its holdings in Invesco FTSE RAFI Developed Markets ex-U.S. ETF by 1,769.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 617 shares of the company’s stock valued at $32,000 after acquiring an additional 584 shares during the period. Hara Capital LLC purchased a new stake in Invesco FTSE RAFI Developed Markets ex-U.S. ETF during the 3rd quarter valued at about $37,000. Spire Wealth Management boosted its holdings in Invesco FTSE RAFI Developed Markets ex-U.S. ETF by 19.9% during the 4th quarter. Spire Wealth Management now owns 1,842 shares of the company’s stock valued at $88,000 after acquiring an additional 306 shares during the period. Finally, Blue Trust Inc. boosted its holdings in Invesco FTSE RAFI Developed Markets ex-U.S. ETF by 203.3% during the 3rd quarter. Blue Trust Inc. now owns 2,108 shares of the company’s stock valued at $103,000 after acquiring an additional 1,413 shares during the period.

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.