Cornerstone Wealth Management LLC Has $1.61 Million Stock Position in Invesco FTSE RAFI Developed Markets ex-U.S. ETF (NYSEARCA:PXF)

Cornerstone Wealth Management LLC raised its position in 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 disclosure with the Securities & Exchange Commission. The institutional investor owned 32,359 shares of the company’s stock after buying an additional 2,670 shares during the period. Cornerstone Wealth Management LLC’s holdings in Invesco FTSE RAFI Developed Markets ex-U.S. ETF were worth $1,607,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Advisory Inc. raised its stake 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 acquiring an additional 220,585 shares during the last quarter. KWB Wealth raised its position in Invesco FTSE RAFI Developed Markets ex-U.S. ETF by 46.3% in the 4th 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. Cedar Point Capital Partners LLC acquired a new position in Invesco FTSE RAFI Developed Markets ex-U.S. ETF in the fourth quarter worth $1,295,000. Johnson & White Wealth Management LLC grew its holdings in shares of Invesco FTSE RAFI Developed Markets ex-U.S. ETF by 11.4% during the first quarter. Johnson & White Wealth Management LLC now owns 263,061 shares of the company’s stock worth $13,061,000 after purchasing an additional 26,893 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of Invesco FTSE RAFI Developed Markets ex-U.S. ETF by 71.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 50,439 shares of the company’s stock valued at $2,504,000 after buying an additional 20,994 shares in the last quarter.

Invesco FTSE RAFI Developed Markets ex-U.S. ETF Stock Up 1.6 %

Invesco FTSE RAFI Developed Markets ex-U.S. ETF stock opened at $49.74 on Friday. The stock has a 50-day simple moving average of $49.84 and a 200 day simple moving average of $48.51. The stock has a market capitalization of $1.72 billion, a price-to-earnings ratio of 11.95 and a beta of 0.79. Invesco FTSE RAFI Developed Markets ex-U.S. ETF has a 12-month low of $41.50 and a 12-month high of $51.36.

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.