Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN) Shares Cross Above Fifty Day Moving Average – Here’s What Happened

Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN)’s stock price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $43.06 and traded as high as $45.63. Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF shares last traded at $45.23, with a volume of 161,360 shares changing hands.

Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF Stock Performance

The stock has a market cap of $382.19 million, a price-to-earnings ratio of 14.57 and a beta of 0.84. The stock’s 50-day simple moving average is $43.06 and its two-hundred day simple moving average is $41.50.

Institutional Trading of Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF

Several hedge funds have recently added to or reduced their stakes in the business. IFP Advisors Inc raised its stake in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 19.8% during the 2nd quarter. IFP Advisors Inc now owns 3,963 shares of the exchange traded fund’s stock valued at $154,000 after purchasing an additional 655 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in shares of Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF during the 2nd quarter worth about $27,000. Access Investment Management LLC acquired a new position in shares of Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF during the second quarter valued at about $182,000. AlphaCore Capital LLC raised its position in shares of Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 5,722.4% during the second quarter. AlphaCore Capital LLC now owns 17,176 shares of the exchange traded fund’s stock valued at $668,000 after buying an additional 16,881 shares during the last quarter. Finally, L & S Advisors Inc lifted its stake in shares of Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 10.2% in the second quarter. L & S Advisors Inc now owns 27,977 shares of the exchange traded fund’s stock valued at $1,089,000 after buying an additional 2,585 shares during the period.

About Invesco 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. PDN was launched on Sep 27, 2007 and is managed by Invesco.