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

Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN) saw unusually-strong trading volume on Monday . Approximately 58,079 shares changed hands during trading, an increase of 68% from the previous session’s volume of 34,565 shares.The stock last traded at $35.10 and had previously closed at $35.13.

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

The company’s 50 day moving average price is $33.90 and its two-hundred day moving average price is $33.20. The stock has a market capitalization of $543.78 million, a PE ratio of 11.04 and a beta of 0.87.

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

Hedge funds and other institutional investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. increased its position in Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF by 74.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,715 shares of the exchange traded fund’s stock worth $88,000 after purchasing an additional 1,158 shares during the last quarter. Creative Planning increased its position in Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF by 9.4% during the second quarter. Creative Planning now owns 27,068 shares of the exchange traded fund’s stock worth $875,000 after purchasing an additional 2,331 shares during the last quarter. Susquehanna International Group LLP increased its position in Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF by 90.3% during the second quarter. Susquehanna International Group LLP now owns 107,335 shares of the exchange traded fund’s stock worth $3,469,000 after purchasing an additional 50,942 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its position in Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF by 5.3% during the second quarter. Mercer Global Advisors Inc. ADV now owns 19,223 shares of the exchange traded fund’s stock worth $621,000 after purchasing an additional 967 shares during the last quarter. Finally, L & S Advisors Inc increased its position in Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF by 2.1% during the second quarter. L & S Advisors Inc now owns 24,130 shares of the exchange traded fund’s stock worth $780,000 after purchasing an additional 498 shares during the last quarter.

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.