Invesco FTSE RAFI Developed Markets ex-U.S. ETF (NYSEARCA:PXF) Sees Large Volume Increase – Here’s Why

Shares of Invesco FTSE RAFI Developed Markets ex-U.S. ETF (NYSEARCA:PXF) saw unusually-high trading volume on Tuesday . Approximately 176,529 shares changed hands during trading, an increase of 168% from the previous session’s volume of 65,890 shares.The stock last traded at $48.57 and had previously closed at $49.66.

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

The firm has a market capitalization of $1.68 billion, a P/E ratio of 11.95 and a beta of 0.79. The stock has a fifty day simple moving average of $50.82 and a two-hundred day simple moving average of $50.21.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. increased its stake in Invesco FTSE RAFI Developed Markets ex-U.S. ETF by 2.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 11,355,161 shares of the company’s stock worth $591,945,000 after acquiring an additional 234,733 shares during the last quarter. Charles Schwab Trust Co lifted its holdings in Invesco FTSE RAFI Developed Markets ex-U.S. ETF by 6.4% in the 3rd quarter. Charles Schwab Trust Co now owns 323,653 shares of the company’s stock worth $16,872,000 after buying an additional 19,397 shares during the period. Johnson & White Wealth Management LLC lifted its stake in shares of Invesco FTSE RAFI Developed Markets ex-U.S. ETF by 6.0% in the 3rd quarter. Johnson & White Wealth Management LLC now owns 315,988 shares of the company’s stock valued at $16,472,000 after purchasing an additional 17,923 shares during the period. Arlington Financial Advisors LLC raised its stake in Invesco FTSE RAFI Developed Markets ex-U.S. ETF by 0.3% during the second quarter. Arlington Financial Advisors LLC now owns 183,236 shares of the company’s stock valued at $8,920,000 after buying an additional 575 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Invesco FTSE RAFI Developed Markets ex-U.S. ETF by 9.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 118,763 shares of the company’s stock worth $5,781,000 after purchasing an additional 10,026 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.