Droms Strauss Advisors Inc. MO ADV Acquires New Holdings in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF $PDN

Droms Strauss Advisors Inc. MO ADV bought a new position in shares of Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 100,002 shares of the exchange traded fund’s stock, valued at approximately $4,590,000. Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF makes up 1.1% of Droms Strauss Advisors Inc. MO ADV’s investment portfolio, making the stock its 22nd biggest holding. Droms Strauss Advisors Inc. MO ADV owned 1.32% of Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. IFP Advisors Inc lifted its stake in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 6.6% in the third quarter. IFP Advisors Inc now owns 4,835 shares of the exchange traded fund’s stock valued at $222,000 after buying an additional 300 shares in the last quarter. Cetera Investment Advisers increased its position in shares of Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 2.9% during the first quarter. Cetera Investment Advisers now owns 15,246 shares of the exchange traded fund’s stock worth $661,000 after acquiring an additional 431 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF during the second quarter worth $25,000. Root Financial Partners LLC acquired a new position in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF in the 3rd quarter worth $45,000. Finally, JFS Wealth Advisors LLC boosted its stake in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 25.1% in the 2nd quarter. JFS Wealth Advisors LLC now owns 10,165 shares of the exchange traded fund’s stock worth $457,000 after purchasing an additional 2,041 shares during the period.

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

PDN stock traded down $0.38 during trading hours on Friday, reaching $44.03. 111,586 shares of the stock were exchanged, compared to its average volume of 20,818. The firm’s 50-day moving average is $46.07 and its 200-day moving average is $45.78. The company has a market cap of $334.63 million, a price-to-earnings ratio of 14.25 and a beta of 0.82. Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF has a 12 month low of $39.65 and a 12 month high of $47.94.

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