Cutler Investment Counsel LLC Sells 42,245 Shares of Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN)

Cutler Investment Counsel LLC cut its holdings in Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN) by 17.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 196,659 shares of the exchange traded fund’s stock after selling 42,245 shares during the period. Cutler Investment Counsel LLC’s holdings in Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF were worth $6,218,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of PDN. Jane Street Group LLC lifted its stake in Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF by 142.0% in the third quarter. Jane Street Group LLC now owns 258,327 shares of the exchange traded fund’s stock valued at $9,080,000 after purchasing an additional 151,585 shares during the last quarter. Bank of Montreal Can lifted its stake in Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF by 62.7% in the third quarter. Bank of Montreal Can now owns 62,221 shares of the exchange traded fund’s stock valued at $2,186,000 after purchasing an additional 23,971 shares during the last quarter. Beckerman Institutional LLC purchased a new position in Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF in the third quarter valued at approximately $667,000. Creative Planning lifted its stake in Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF by 33.7% in the third quarter. Creative Planning now owns 36,201 shares of the exchange traded fund’s stock valued at $1,272,000 after purchasing an additional 9,133 shares during the last quarter. Finally, Sequoia Financial Advisors LLC lifted its stake in Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF by 21.5% in the third quarter. Sequoia Financial Advisors LLC now owns 13,804 shares of the exchange traded fund’s stock valued at $485,000 after purchasing an additional 2,439 shares during the last quarter.

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

NYSEARCA:PDN opened at $33.76 on Monday. The company has a market cap of $524.97 million, a P/E ratio of 11.04 and a beta of 0.87. The stock’s fifty day moving average price is $32.32 and its two-hundred day moving average price is $33.14. Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF has a 1 year low of $31.02 and a 1 year high of $35.49.

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.