Opes Wealth Management LLC Lowers Stock Position in Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN)

Opes Wealth Management LLC trimmed its position in Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN) by 3.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 biggest position. Opes Wealth Management LLC owned approximately 1.19% of Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF worth $6,712,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. LPL Financial LLC grew its position in Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF by 4.6% in the 2nd quarter. LPL Financial LLC now owns 8,739 shares of the exchange traded fund’s stock valued at $269,000 after buying an additional 384 shares during the last quarter. Dynamic Advisor Solutions LLC lifted its holdings in 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 valued at $926,000 after acquiring an additional 390 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in 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 valued at $47,000 after acquiring an additional 605 shares during the period. Royal Bank of Canada lifted its holdings in 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 valued at $903,000 after acquiring an additional 647 shares during the period. Finally, Klingman & Associates LLC lifted its holdings in 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 valued at $777,000 after acquiring an additional 1,000 shares during the period.

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

Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF stock traded up $0.05 during midday trading on Thursday, reaching $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 fifty-two week low of $27.67 and a fifty-two week high of $33.14. The stock’s 50 day simple moving average is $32.30 and its 200 day simple moving average is $31.16. The firm has a market capitalization of $492.47 million, a PE ratio of 10.65 and a beta of 0.85.

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