Riverchase Wealth Management LLC Takes Position in Invesco FTSE RAFI Developed Markets ex-U.S. ETF (NYSEARCA:PXF)

Riverchase Wealth Management LLC purchased a new stake in shares of Invesco FTSE RAFI Developed Markets ex-U.S. ETF (NYSEARCA:PXF) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 25,629 shares of the company’s stock, valued at approximately $1,227,000. Invesco FTSE RAFI Developed Markets ex-U.S. ETF comprises approximately 0.9% of Riverchase Wealth Management LLC’s portfolio, making the stock its 22nd biggest position. Riverchase Wealth Management LLC owned about 0.07% of Invesco FTSE RAFI Developed Markets ex-U.S. ETF at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Spire Wealth Management lifted its holdings in shares of 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 worth $88,000 after acquiring an additional 306 shares during the last quarter. Larson Financial Group LLC boosted its holdings in shares of Invesco FTSE RAFI Developed Markets ex-U.S. ETF by 64.7% in the 3rd quarter. Larson Financial Group LLC now owns 2,641 shares of the company’s stock worth $138,000 after purchasing an additional 1,037 shares in the last quarter. Jones Financial Companies Lllp increased its position in shares of Invesco FTSE RAFI Developed Markets ex-U.S. ETF by 42.8% during the 4th 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. Modera Wealth Management LLC raised its holdings in shares of Invesco FTSE RAFI Developed Markets ex-U.S. ETF by 20.2% during the 4th quarter. Modera Wealth Management LLC now owns 5,189 shares of the company’s stock valued at $249,000 after buying an additional 872 shares in the last quarter. Finally, Financial Advocates Investment Management bought a new stake in Invesco FTSE RAFI Developed Markets ex-U.S. ETF in the 4th quarter worth approximately $269,000.

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

Shares of PXF opened at $53.06 on Friday. The stock has a 50 day simple moving average of $51.53 and a two-hundred day simple moving average of $50.35. Invesco FTSE RAFI Developed Markets ex-U.S. ETF has a 1 year low of $46.21 and a 1 year high of $54.49. The firm has a market cap of $1.82 billion, a P/E ratio of 13.62 and a beta of 0.90.

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

The company also recently announced a dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 24th will be paid a $0.4633 dividend. The ex-dividend date of this dividend is Monday, March 24th.

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.