Droms Strauss Advisors Inc. MO ADV Raises Stake in Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN)

Droms Strauss Advisors Inc. MO ADV lifted its position in shares of Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN) by 1.0% in the third quarter, Holdings Channel reports. The firm owned 113,223 shares of the exchange traded fund’s stock after purchasing an additional 1,175 shares during the period. Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF makes up about 1.4% of Droms Strauss Advisors Inc. MO ADV’s investment portfolio, making the stock its 17th biggest position. Droms Strauss Advisors Inc. MO ADV’s holdings in Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF were worth $3,980,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Sequoia Financial Advisors LLC grew its holdings in shares of Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF by 21.5% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 13,804 shares of the exchange traded fund’s stock worth $485,000 after purchasing an additional 2,439 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF by 74.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,715 shares of the exchange traded fund’s stock worth $88,000 after acquiring an additional 1,158 shares during the period. Creative Planning boosted its holdings 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 acquiring an additional 9,133 shares during the period. Asset Dedication LLC purchased a new position in Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF in the 2nd quarter worth approximately $681,000. Finally, KWB Wealth boosted its holdings in Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF by 0.8% in the 3rd quarter. KWB Wealth now owns 62,142 shares of the exchange traded fund’s stock worth $2,008,000 after acquiring an additional 522 shares during the period.

Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF Stock Down 1.3 %

Shares of PDN opened at $32.76 on Thursday. The business’s 50 day moving average is $34.10 and its two-hundred day moving average is $33.42. Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF has a 52-week low of $29.08 and a 52-week high of $35.49. The firm has a market cap of $509.35 million, a price-to-earnings ratio of 11.04 and a beta of 0.87.

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.