Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN) Share Price Crosses Above Fifty Day Moving Average – Should You Sell?

Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $32.29 and traded as high as $33.24. Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF shares last traded at $33.23, with a volume of 21,389 shares trading hands.

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

The company’s fifty day simple moving average is $32.29 and its two-hundred day simple moving average is $33.15. The company has a market capitalization of $516.73 million, a price-to-earnings ratio of 11.04 and a beta of 0.87.

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

Institutional investors and hedge funds have recently bought and sold shares of the company. Aptus Capital Advisors LLC grew its holdings in shares of Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF by 19.4% during the third quarter. Aptus Capital Advisors LLC now owns 1,951 shares of the exchange traded fund’s stock valued at $69,000 after purchasing an additional 317 shares during the last quarter. Wade Financial Advisory Inc grew its stake in Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF by 1.7% during the 4th quarter. Wade Financial Advisory Inc now owns 47,713 shares of the exchange traded fund’s stock worth $1,509,000 after buying an additional 785 shares during the last quarter. KWB Wealth increased its position in Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF by 1.3% in the fourth quarter. KWB Wealth now owns 62,980 shares of the exchange traded fund’s stock worth $1,991,000 after buying an additional 838 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF by 13.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 7,263 shares of the exchange traded fund’s stock valued at $255,000 after buying an additional 857 shares during the last quarter. Finally, HighTower Advisors LLC boosted its holdings in shares of Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF by 0.5% during the third quarter. HighTower Advisors LLC now owns 191,643 shares of the exchange traded fund’s stock valued at $6,734,000 after acquiring an additional 899 shares during the period.

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.