Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN) Stock Passes Below 50-Day Moving Average – What’s Next?

Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN)’s stock price passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $32.62 and traded as low as $31.60. Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF shares last traded at $31.62, with a volume of 14,295 shares.

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

The firm has a fifty day simple moving average of $32.55 and a 200 day simple moving average of $33.26. The company has a market capitalization of $492.78 million, a PE ratio of 11.04 and a beta of 0.87.

Institutional Investors Weigh In On Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF

Hedge funds have recently made changes to their positions in the stock. FMR LLC increased its stake in Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF by 18.6% during the 3rd quarter. FMR LLC now owns 7,315 shares of the exchange traded fund’s stock valued at $257,000 after purchasing an additional 1,147 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF by 21.5% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 13,804 shares of the exchange traded fund’s stock valued at $485,000 after buying an additional 2,439 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF by 74.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,715 shares of the exchange traded fund’s stock valued at $88,000 after acquiring an additional 1,158 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF by 13.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 7,263 shares of the exchange traded fund’s stock valued at $255,000 after acquiring an additional 857 shares during the period. Finally, Creative Planning boosted its position in Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF by 33.7% in the 3rd quarter. Creative Planning now owns 36,201 shares of the exchange traded fund’s stock worth $1,272,000 after purchasing an additional 9,133 shares in the last quarter.

Invesco FTSE 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.