Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN) Shares Cross Above 50 Day Moving Average – Here’s What Happened

Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN)’s share price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $44.93 and traded as high as $46.50. Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF shares last traded at $46.47, with a volume of 12,212 shares.

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

The company’s fifty day moving average is $44.93 and its 200-day moving average is $43.57. The company has a market capitalization of $390.35 million, a PE ratio of 14.57 and a beta of 0.79.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PDN. Invesco Ltd. increased its holdings in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 39.1% in the 3rd quarter. Invesco Ltd. now owns 340,886 shares of the exchange traded fund’s stock worth $14,014,000 after acquiring an additional 95,859 shares in the last quarter. Jane Street Group LLC boosted its stake in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 234.6% in the 2nd quarter. Jane Street Group LLC now owns 106,036 shares of the exchange traded fund’s stock worth $4,127,000 after purchasing an additional 74,345 shares during the period. Susquehanna International Group LLP boosted its stake in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 76.4% in the 3rd quarter. Susquehanna International Group LLP now owns 160,245 shares of the exchange traded fund’s stock worth $6,588,000 after purchasing an additional 69,405 shares during the period. Crusonia Wealth Advisors LLC bought a new position in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF in the 4th quarter worth approximately $1,562,000. Finally, Scotia Capital Inc. bought a new position in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF in the 3rd quarter worth approximately $896,000.

About Invesco 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. PDN was launched on Sep 27, 2007 and is managed by Invesco.