Cutler Investment Counsel LLC Trims Position in Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN)

Cutler Investment Counsel LLC decreased its position in shares of Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN) by 25.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 238,904 shares of the exchange traded fund’s stock after selling 81,879 shares during the quarter. Cutler Investment Counsel LLC owned approximately 1.54% of Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF worth $8,397,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. Droms Strauss Advisors Inc. MO ADV lifted its stake in Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF by 1.0% during the 3rd quarter. Droms Strauss Advisors Inc. MO ADV now owns 113,223 shares of the exchange traded fund’s stock worth $3,980,000 after acquiring an additional 1,175 shares in the last quarter. Susquehanna International Group LLP boosted its stake in shares of Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF by 90.3% in the second quarter. Susquehanna International Group LLP now owns 107,335 shares of the exchange traded fund’s stock valued at $3,469,000 after purchasing an additional 50,942 shares during the period. KWB Wealth grew its holdings in shares of Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF by 0.8% in the third quarter. KWB Wealth now owns 62,142 shares of the exchange traded fund’s stock valued at $2,008,000 after purchasing an additional 522 shares in the last quarter. Creative Planning increased its stake in 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 period. Finally, Studio Investment Management LLC lifted its holdings in 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 in the last quarter.

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

Shares of NYSEARCA:PDN traded down $0.01 during trading on Friday, hitting $32.09. The company’s stock had a trading volume of 10,928 shares, compared to its average volume of 32,558. The company has a market capitalization of $499.06 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 fifty-two week low of $29.89 and a fifty-two week high of $35.49. The business has a 50 day moving average price of $33.87 and a two-hundred day moving average price of $33.43.

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.