Invesco FTSE RAFI Developed Markets ex-U.S. ETF (NYSEARCA:PXF) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Invesco FTSE RAFI Developed Markets ex-U.S. ETF (NYSEARCA:PXF) saw strong 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 Price Performance

The firm has a market capitalization of $1.71 billion, a price-to-earnings ratio of 11.95 and a beta of 0.79. The stock’s 50 day moving average price is $49.86 and its two-hundred day moving average price is $50.07.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in PXF. Moisand Fitzgerald Tamayo LLC lifted its position 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 purchasing an additional 205 shares during the period. Farther Finance Advisors LLC lifted its holdings in Invesco FTSE RAFI Developed Markets ex-U.S. ETF by 1,769.7% in the third quarter. Farther Finance Advisors LLC now owns 617 shares of the company’s stock valued at $32,000 after buying an additional 584 shares during the period. MCF Advisors LLC boosted its stake in Invesco FTSE RAFI Developed Markets ex-U.S. ETF by 776.6% in the second quarter. MCF Advisors LLC now owns 675 shares of the company’s stock valued at $33,000 after acquiring an additional 598 shares during the last quarter. Hara Capital LLC bought a new position in Invesco FTSE RAFI Developed Markets ex-U.S. ETF in the third quarter valued at approximately $37,000. Finally, Aptus Capital Advisors LLC acquired a new stake in Invesco FTSE RAFI Developed Markets ex-U.S. ETF during the 2nd quarter worth $69,000.

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.