Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN) Stock Price Crosses Above 50-Day Moving Average – What’s Next?

Shares of Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $43.99 and traded as high as $46.95. Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF shares last traded at $46.71, with a volume of 7,614 shares trading hands.

Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF Trading Up 0.1%

The company has a market capitalization of $394.70 million, a P/E ratio of 14.57 and a beta of 0.84. The company’s fifty day moving average is $43.99 and its 200 day moving average is $42.00.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Access Investment Management LLC purchased a new position in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF during the second quarter valued at approximately $182,000. AlphaCore Capital LLC boosted its holdings in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 5,722.4% in the 2nd quarter. AlphaCore Capital LLC now owns 17,176 shares of the exchange traded fund’s stock valued at $668,000 after purchasing an additional 16,881 shares during the period. L & S Advisors Inc grew its position in shares of Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 10.2% during the 2nd quarter. L & S Advisors Inc now owns 27,977 shares of the exchange traded fund’s stock valued at $1,089,000 after purchasing an additional 2,585 shares in the last quarter. Bell Investment Advisors Inc grew its position in shares of Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 69.8% during the 2nd quarter. Bell Investment Advisors Inc now owns 2,323 shares of the exchange traded fund’s stock valued at $90,000 after purchasing an additional 955 shares in the last quarter. Finally, Asset Dedication LLC increased its holdings in shares of Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 5.9% in the third quarter. Asset Dedication LLC now owns 15,199 shares of the exchange traded fund’s stock worth $625,000 after purchasing an additional 851 shares during the period.

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.