Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN) Stake Reduced by Opes Wealth Management LLC

Opes Wealth Management LLC reduced its stake in shares of Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN) by 3.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 206,649 shares of the exchange traded fund’s stock after selling 7,841 shares during the period. Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF makes up about 1.6% of Opes Wealth Management LLC’s holdings, making the stock its 19th largest holding. Opes Wealth Management LLC’s holdings in Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF were worth $6,712,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. LPL Financial LLC grew its stake in shares of Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF by 4.6% in the second quarter. LPL Financial LLC now owns 8,739 shares of the exchange traded fund’s stock worth $269,000 after purchasing an additional 384 shares in the last quarter. Dynamic Advisor Solutions LLC grew its stake in shares of Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF by 1.3% in the third quarter. Dynamic Advisor Solutions LLC now owns 31,335 shares of the exchange traded fund’s stock worth $926,000 after purchasing an additional 390 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF by 61.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,589 shares of the exchange traded fund’s stock worth $47,000 after purchasing an additional 605 shares in the last quarter. Royal Bank of Canada grew its stake in shares of Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF by 1.9% in the third quarter. Royal Bank of Canada now owns 35,249 shares of the exchange traded fund’s stock worth $903,000 after purchasing an additional 647 shares in the last quarter. Finally, Klingman & Associates LLC grew its stake in shares of Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF by 4.0% in the third quarter. Klingman & Associates LLC now owns 26,305 shares of the exchange traded fund’s stock worth $777,000 after purchasing an additional 1,000 shares in the last quarter.

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

Shares of NYSEARCA:PDN traded up $0.05 on Thursday, hitting $31.67. The company’s stock had a trading volume of 14,503 shares, compared to its average volume of 19,199. Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF has a 12 month low of $27.67 and a 12 month high of $33.14. The company has a market capitalization of $492.47 million, a price-to-earnings ratio of 10.65 and a beta of 0.85. The stock’s 50-day moving average is $32.30 and its two-hundred day moving average is $31.16.

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.