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

Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN) shares saw an uptick in trading volume on Tuesday . 89,029 shares were traded during trading, an increase of 145% from the previous session’s volume of 36,285 shares.The stock last traded at $32.93 and had previously closed at $32.61.

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

The firm has a market capitalization of $512.53 million, a price-to-earnings ratio of 11.04 and a beta of 0.87. The company’s fifty day moving average price is $32.88 and its 200 day moving average price is $32.60.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PDN. Charles Schwab Investment Advisory Inc. increased its holdings in shares of Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF by 3.9% during the fourth quarter. Charles Schwab Investment Advisory Inc. now owns 9,210,962 shares of the exchange traded fund’s stock valued at $299,172,000 after purchasing an additional 344,206 shares during the period. Asset Dedication LLC purchased a new position in Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF in the 2nd quarter worth about $681,000. Axxcess Wealth Management LLC acquired a new stake in Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF during the 2nd quarter worth about $487,000. MB Generational Wealth LLC acquired a new stake in shares of Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF during the first quarter valued at approximately $478,000. Finally, Commonwealth Equity Services LLC raised its stake in Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF by 83.9% during the 1st quarter. Commonwealth Equity Services LLC now owns 28,704 shares of the exchange traded fund’s stock valued at $944,000 after purchasing an additional 13,092 shares during the period.

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

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.