Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN) Sees Large Volume Increase

Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN) saw an uptick in trading volume on Tuesday . 29,408 shares changed hands during trading, an increase of 54% from the previous session’s volume of 19,083 shares.The stock last traded at $32.16 and had previously closed at $31.95.

Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF Stock Down 0.4 %

The firm has a market capitalization of $498.84 million, a PE ratio of 10.65 and a beta of 0.85. The business’s fifty day moving average price is $32.33 and its 200 day moving average price is $31.26.

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

Several hedge funds have recently modified their holdings of PDN. Cutler Investment Counsel LLC grew its holdings in Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF by 4.6% in the fourth quarter. Cutler Investment Counsel LLC now owns 292,524 shares of the exchange traded fund’s stock valued at $9,501,000 after purchasing an additional 12,741 shares during the period. Studio Investment Management LLC grew its holdings in Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF by 5.3% in the third quarter. Studio Investment Management LLC now owns 30,406 shares of the exchange traded fund’s stock valued at $898,000 after purchasing an additional 1,539 shares during the period. Klingman & Associates LLC grew its holdings in Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF by 4.0% in the third quarter. Klingman & Associates LLC now owns 26,305 shares of the exchange traded fund’s stock valued at $777,000 after purchasing an additional 1,000 shares during the period. Sequoia Financial Advisors LLC purchased a new stake in Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF in the fourth quarter valued at approximately $378,000. Finally, Clarius Group LLC grew its holdings in Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF by 32.4% in the third quarter. Clarius Group LLC now owns 15,207 shares of the exchange traded fund’s stock valued at $449,000 after purchasing an additional 3,725 shares during the period.

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

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.