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) saw unusually-strong trading volume on Tuesday . Approximately 29,408 shares changed hands during mid-day trading, an increase of 54% from the previous session’s volume of 19,083 shares.The stock last traded at $32.16 and had previously closed at $31.95.

Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF Stock Up 0.7 %

The firm has a market cap of $500.24 million, a PE ratio of 10.65 and a beta of 0.85. The firm has a 50-day moving average price of $32.31 and a two-hundred day moving average price of $31.24.

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

Institutional investors have recently modified their holdings of the company. Charles Schwab Investment Advisory Inc. grew its stake in Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF by 3.9% during the 4th quarter. Charles Schwab Investment Advisory Inc. now owns 9,210,962 shares of the exchange traded fund’s stock worth $299,172,000 after purchasing an additional 344,206 shares in the last quarter. Williams & Novak LLC acquired a new position in shares of Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF during the 4th quarter worth about $691,000. Cutler Investment Counsel LLC boosted its position in shares of Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF by 4.6% during the 4th quarter. Cutler Investment Counsel LLC now owns 292,524 shares of the exchange traded fund’s stock worth $9,501,000 after acquiring an additional 12,741 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF in the 4th quarter valued at about $378,000. Finally, Access Investment Management LLC purchased a new stake in shares of Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF in the 4th quarter valued at about $214,000.

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.