Invesco FTSE RAFI Developed Markets ex-U.S. ETF (NYSEARCA:PXF) Shares Bought by Cornerstone Wealth Management LLC

Cornerstone Wealth Management LLC lifted its stake in shares of Invesco FTSE RAFI Developed Markets ex-U.S. ETF (NYSEARCA:PXF) by 9.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 32,359 shares of the company’s stock after purchasing an additional 2,670 shares during the quarter. Cornerstone Wealth Management LLC owned about 0.09% of Invesco FTSE RAFI Developed Markets ex-U.S. ETF worth $1,607,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Charles Schwab Investment Advisory Inc. increased its position in shares of Invesco FTSE RAFI Developed Markets ex-U.S. ETF by 1.9% in the fourth quarter. Charles Schwab Investment Advisory Inc. now owns 11,838,920 shares of the company’s stock valued at $561,091,000 after buying an additional 220,585 shares in the last quarter. Corient Private Wealth LLC raised its position in Invesco FTSE RAFI Developed Markets ex-U.S. ETF by 0.5% during the fourth quarter. Corient Private Wealth LLC now owns 611,310 shares of the company’s stock worth $28,972,000 after acquiring an additional 3,059 shares during the last quarter. Charles Schwab Trust Co raised its position in Invesco FTSE RAFI Developed Markets ex-U.S. ETF by 3.5% during the fourth quarter. Charles Schwab Trust Co now owns 313,214 shares of the company’s stock worth $14,844,000 after acquiring an additional 10,579 shares during the last quarter. Johnson & White Wealth Management LLC lifted its holdings in shares of Invesco FTSE RAFI Developed Markets ex-U.S. ETF by 11.4% in the first quarter. Johnson & White Wealth Management LLC now owns 263,061 shares of the company’s stock valued at $13,061,000 after purchasing an additional 26,893 shares in the last quarter. Finally, KWB Wealth grew its position in shares of Invesco FTSE RAFI Developed Markets ex-U.S. ETF by 46.3% in the fourth quarter. KWB Wealth now owns 248,085 shares of the company’s stock valued at $11,758,000 after purchasing an additional 78,552 shares during the last quarter.

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

PXF stock opened at $49.74 on Friday. Invesco FTSE RAFI Developed Markets ex-U.S. ETF has a 1 year low of $41.50 and a 1 year high of $51.36. The stock’s 50 day moving average price is $49.84 and its 200 day moving average price is $48.51. The firm has a market cap of $1.72 billion, a P/E ratio of 11.95 and a beta of 0.79.

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