Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN) Sees Strong Trading Volume – Here’s Why

Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN) shares saw unusually-strong trading volume on Thursday . Approximately 37,584 shares changed hands during trading, an increase of 15% from the previous session’s volume of 32,683 shares.The stock last traded at $32.24 and had previously closed at $32.10.

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

The company has a market capitalization of $499.06 million, a PE ratio of 11.04 and a beta of 0.87. The stock’s 50-day simple moving average is $33.87 and its 200 day simple moving average is $33.43.

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

Hedge funds and other institutional investors have recently made changes to their positions in the business. Sequoia Financial Advisors LLC lifted its holdings in shares of Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF by 21.5% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 13,804 shares of the exchange traded fund’s stock valued at $485,000 after purchasing an additional 2,439 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF by 74.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,715 shares of the exchange traded fund’s stock valued at $88,000 after acquiring an additional 1,158 shares during the period. Creative Planning increased its holdings in shares of Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF by 33.7% in the 3rd quarter. Creative Planning now owns 36,201 shares of the exchange traded fund’s stock valued at $1,272,000 after acquiring an additional 9,133 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF by 13.4% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 7,263 shares of the exchange traded fund’s stock valued at $255,000 after purchasing an additional 857 shares during the last quarter. Finally, Asset Dedication LLC acquired a new stake in Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF during the 2nd quarter worth $681,000.

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.