Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN) Stock Price Passes Above 50 Day Moving Average – Here’s Why

Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN)’s share price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $32.92 and traded as high as $34.42. Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF shares last traded at $34.35, with a volume of 29,438 shares.

Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF Trading Up 1.7 %

The firm has a 50-day moving average of $32.97 and a 200 day moving average of $33.21. The stock has a market capitalization of $405.33 million, a price-to-earnings ratio of 13.24 and a beta of 0.93.

Hedge Funds Weigh In On Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF

Several institutional investors and hedge funds have recently made changes to their positions in PDN. Bessemer Group Inc. purchased a new position in shares of Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF during the 4th quarter valued at approximately $46,000. US Bancorp DE purchased a new position in shares of Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF during the 3rd quarter valued at approximately $48,000. Aptus Capital Advisors LLC boosted its stake in shares of Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF by 19.4% during the 3rd quarter. Aptus Capital Advisors LLC now owns 1,951 shares of the exchange traded fund’s stock valued at $69,000 after buying an additional 317 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF by 71.5% during the 4th quarter. Jones Financial Companies Lllp now owns 3,044 shares of the exchange traded fund’s stock valued at $96,000 after buying an additional 1,269 shares during the last quarter. Finally, EP Wealth Advisors LLC purchased a new position in shares of Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF during the 4th quarter valued at approximately $190,000.

Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF Company Profile

The Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF (PDN) is an exchange-traded fund that is based on the FTSE RAFI Developed x US Mid\u002FSmall index. The fund tracks a fundamentally-weighted index of small- and mid-cap stocks from developed countries outside the US that are screened based on fundamental metrics.