Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN) Shares Pass Above 50-Day Moving Average – What’s Next?

Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDNGet Free Report) shares passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $44.97 and traded as high as $45.32. Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF shares last traded at $44.75, with a volume of 63,202 shares changing hands.

Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF Trading Down 2.2%

The stock’s 50-day moving average price is $44.97 and its 200-day moving average price is $42.50. The company has a market cap of $378.14 million, a P/E ratio of 14.57 and a beta of 0.84.

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

A number of large investors have recently modified their holdings of the company. Invesco Ltd. increased its stake in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 6.8% during the 4th quarter. Invesco Ltd. now owns 364,163 shares of the exchange traded fund’s stock valued at $15,363,000 after purchasing an additional 23,277 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in shares of Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 25.0% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 21,369 shares of the exchange traded fund’s stock valued at $901,000 after buying an additional 4,275 shares during the last quarter. Crusonia Wealth Advisors LLC acquired a new position in shares of Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF during the fourth quarter valued at about $1,562,000. Kestra Advisory Services LLC bought a new stake in shares of Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF during the fourth quarter worth about $30,000. Finally, Wells Fargo & Company MN raised its holdings in shares of Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 2.8% in the 4th quarter. Wells Fargo & Company MN now owns 30,381 shares of the exchange traded fund’s stock worth $1,282,000 after acquiring an additional 831 shares during the last quarter.

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

(Get Free Report)

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.

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