Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN) Stock Crosses Above Fifty Day Moving Average – What’s Next?

Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN) shares crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $43.06 and traded as high as $45.63. Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF shares last traded at $45.23, with a volume of 161,360 shares changing hands.

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

The company has a market cap of $382.19 million, a P/E ratio of 14.57 and a beta of 0.84. The stock has a 50-day simple moving average of $43.06 and a 200 day simple moving average of $41.50.

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

Institutional investors have recently bought and sold shares of the business. IFP Advisors Inc raised its stake in shares of Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 19.8% in the 2nd quarter. IFP Advisors Inc now owns 3,963 shares of the exchange traded fund’s stock valued at $154,000 after buying an additional 655 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF in the second quarter valued at about $27,000. Access Investment Management LLC acquired a new position in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF in the second quarter worth about $182,000. AlphaCore Capital LLC raised its position in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 5,722.4% in the second quarter. AlphaCore Capital LLC now owns 17,176 shares of the exchange traded fund’s stock worth $668,000 after purchasing an additional 16,881 shares in the last quarter. Finally, L & S Advisors Inc lifted its stake in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 10.2% during the second quarter. L & S Advisors Inc now owns 27,977 shares of the exchange traded fund’s stock worth $1,089,000 after purchasing an additional 2,585 shares during the period.

About Invesco 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. PDN was launched on Sep 27, 2007 and is managed by Invesco.