Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN) Share Price Crosses Below 200-Day Moving Average – Here’s What Happened

Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $45.17 and traded as low as $44.81. Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF shares last traded at $44.83, with a volume of 16,960 shares trading hands.

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

The stock has a 50-day moving average price of $45.99 and a 200 day moving average price of $45.17. The firm has a market cap of $347.43 million, a price-to-earnings ratio of 14.57 and a beta of 0.79.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of PDN. IFP Advisors Inc lifted its holdings in shares of Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 6.9% during the third quarter. IFP Advisors Inc now owns 4,237 shares of the exchange traded fund’s stock worth $174,000 after purchasing an additional 274 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 3.5% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 8,110 shares of the exchange traded fund’s stock worth $333,000 after buying an additional 275 shares during the last quarter. Creative Planning lifted its stake in shares of Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 1.1% in the 3rd quarter. Creative Planning now owns 28,041 shares of the exchange traded fund’s stock worth $1,153,000 after acquiring an additional 294 shares during the period. Larson Financial Group LLC lifted its stake in shares of Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 13.8% in the 3rd quarter. Larson Financial Group LLC now owns 2,568 shares of the exchange traded fund’s stock worth $106,000 after acquiring an additional 312 shares during the period. Finally, Focus Partners Wealth lifted its stake in shares of Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 2.6% in the 1st quarter. Focus Partners Wealth now owns 13,177 shares of the exchange traded fund’s stock worth $441,000 after acquiring an additional 338 shares during the period.

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