Droms Strauss Advisors Inc. MO ADV Raises Stake in Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN)

Droms Strauss Advisors Inc. MO ADV grew its stake in shares of Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN) by 1.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 113,223 shares of the exchange traded fund’s stock after purchasing an additional 1,175 shares during the period. Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF makes up about 1.4% of Droms Strauss Advisors Inc. MO ADV’s holdings, making the stock its 17th largest position. Droms Strauss Advisors Inc. MO ADV owned about 0.73% of Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF worth $3,980,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Susquehanna International Group LLP boosted its position in shares of Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF by 90.3% during the 2nd quarter. Susquehanna International Group LLP now owns 107,335 shares of the exchange traded fund’s stock worth $3,469,000 after purchasing an additional 50,942 shares in the last quarter. KWB Wealth raised its stake in shares of Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF by 0.8% during the 3rd quarter. KWB Wealth now owns 62,142 shares of the exchange traded fund’s stock worth $2,008,000 after buying an additional 522 shares during the last quarter. Creative Planning raised its stake in shares of Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF by 33.7% during the 3rd quarter. Creative Planning now owns 36,201 shares of the exchange traded fund’s stock worth $1,272,000 after buying an additional 9,133 shares during the last quarter. Studio Investment Management LLC raised its stake in shares of Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF by 5.3% during the 2nd quarter. Studio Investment Management LLC now owns 31,069 shares of the exchange traded fund’s stock worth $1,004,000 after buying an additional 1,571 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in shares of Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF by 5.6% during the 2nd quarter. Commonwealth Equity Services LLC now owns 30,311 shares of the exchange traded fund’s stock worth $980,000 after buying an additional 1,607 shares during the last quarter.

Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF Stock Down 1.3 %

NYSEARCA:PDN opened at $32.76 on Thursday. The company has a market capitalization of $509.35 million, a PE ratio of 11.04 and a beta of 0.87. Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF has a 52-week low of $29.08 and a 52-week high of $35.49. The stock has a fifty day simple moving average of $34.10 and a 200-day simple moving average of $33.42.

About Invesco FTSE 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.