Cedar Point Capital Partners LLC Invests $1.30 Million in Invesco FTSE RAFI Developed Markets ex-U.S. ETF (NYSEARCA:PXF)

Cedar Point Capital Partners LLC purchased a new position in shares of Invesco FTSE RAFI Developed Markets ex-U.S. ETF (NYSEARCA:PXF) in the 4th quarter, Holdings Channel reports. The firm purchased 27,324 shares of the company’s stock, valued at approximately $1,295,000. Invesco FTSE RAFI Developed Markets ex-U.S. ETF comprises approximately 1.1% of Cedar Point Capital Partners LLC’s holdings, making the stock its 23rd largest holding.

Several other hedge funds also recently made changes to their positions in PXF. Bank of New York Mellon Corp bought a new position in shares of Invesco FTSE RAFI Developed Markets ex-U.S. ETF during the 3rd quarter worth approximately $30,857,000. LPL Financial LLC grew its stake in shares of Invesco FTSE RAFI Developed Markets ex-U.S. ETF by 24.6% during the 3rd quarter. LPL Financial LLC now owns 682,312 shares of the company’s stock worth $29,701,000 after acquiring an additional 134,735 shares in the last quarter. KWB Wealth grew its stake in shares of Invesco FTSE RAFI Developed Markets ex-U.S. ETF by 46.3% during the 4th quarter. KWB Wealth now owns 248,085 shares of the company’s stock worth $11,758,000 after acquiring an additional 78,552 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Invesco FTSE RAFI Developed Markets ex-U.S. ETF by 21.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 309,169 shares of the company’s stock worth $13,458,000 after acquiring an additional 54,349 shares in the last quarter. Finally, Rathbones Group PLC bought a new position in shares of Invesco FTSE RAFI Developed Markets ex-U.S. ETF during the 3rd quarter worth approximately $636,000.

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

Shares of PXF traded up $0.27 during mid-day trading on Friday, hitting $48.97. 40,072 shares of the company’s stock were exchanged, compared to its average volume of 74,935. The company has a market cap of $1.69 billion, a PE ratio of 11.49 and a beta of 0.80. Invesco FTSE RAFI Developed Markets ex-U.S. ETF has a 52 week low of $41.50 and a 52 week high of $50.11. The company has a 50-day simple moving average of $48.75 and a 200 day simple moving average of $46.58.

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.