Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN) Share Price Passes Above 50 Day Moving Average – Here’s Why

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 Wednesday . The stock has a 50 day moving average of $46.20 and traded as high as $46.94. Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF shares last traded at $46.09, with a volume of 9,108 shares changing hands.

Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF Stock Down 1.1%

The company has a market capitalization of $387.16 million, a P/E ratio of 14.57 and a beta of 0.78. The business has a fifty day moving average price of $46.20 and a 200 day moving average price of $44.76.

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

Institutional investors have recently modified their holdings of the company. Ameriprise Financial Inc. lifted its holdings in shares of Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 4.8% in the second quarter. Ameriprise Financial Inc. now owns 98,654 shares of the exchange traded fund’s stock valued at $3,839,000 after purchasing an additional 4,476 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 2.8% in the fourth quarter. Wells Fargo & Company MN now owns 30,381 shares of the exchange traded fund’s stock valued at $1,282,000 after purchasing an additional 831 shares in the last quarter. Jane Street Group LLC increased its position in shares of Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 18.1% in the fourth quarter. Jane Street Group LLC now owns 26,228 shares of the exchange traded fund’s stock valued at $1,106,000 after acquiring an additional 4,015 shares during the last quarter. Scotia Capital Inc. bought a new stake in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF during the third quarter worth about $896,000. Finally, Mariner LLC raised its holdings in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 14.4% during the third quarter. Mariner LLC now owns 13,373 shares of the exchange traded fund’s stock worth $550,000 after acquiring an additional 1,682 shares in the last quarter.

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.