Studio Investment Management LLC Grows Stock Position in Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN)

Studio Investment Management LLC boosted its stake in shares of Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN) by 2.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 33,862 shares of the exchange traded fund’s stock after buying an additional 778 shares during the period. Studio Investment Management LLC’s holdings in Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF were worth $1,071,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Invesco Ltd. increased its stake in Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF by 107.8% in the fourth quarter. Invesco Ltd. now owns 502,933 shares of the exchange traded fund’s stock worth $15,903,000 after purchasing an additional 260,863 shares during the period. Opes Wealth Management LLC increased its stake in shares of Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF by 0.7% during the fourth quarter. Opes Wealth Management LLC now owns 203,816 shares of the exchange traded fund’s stock valued at $6,445,000 after buying an additional 1,392 shares during the period. Droms Strauss Advisors Inc. MO ADV increased its stake in shares of Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF by 0.9% during the fourth quarter. Droms Strauss Advisors Inc. MO ADV now owns 114,232 shares of the exchange traded fund’s stock valued at $3,612,000 after buying an additional 1,009 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF by 4.9% during the fourth quarter. Ameriprise Financial Inc. now owns 92,649 shares of the exchange traded fund’s stock valued at $2,931,000 after buying an additional 4,351 shares during the period. Finally, Wade Financial Advisory Inc increased its stake in shares of Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF by 1.7% during the fourth quarter. Wade Financial Advisory Inc now owns 47,713 shares of the exchange traded fund’s stock valued at $1,509,000 after buying an additional 785 shares during the period.

Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF Trading Up 0.3%

Shares of Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF stock opened at $36.20 on Friday. The firm has a market cap of $336.66 million, a P/E ratio of 13.62 and a beta of 0.83. Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF has a 12 month low of $29.43 and a 12 month high of $36.25. The stock’s fifty day moving average price is $34.14 and its 200-day moving average price is $33.18.

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.