Mercer Global Advisors Inc. ADV Reduces Stock Position in Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN)

Mercer Global Advisors Inc. ADV lowered its stake in shares of Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN) by 3.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,875 shares of the exchange traded fund’s stock after selling 632 shares during the period. Mercer Global Advisors Inc. ADV owned 0.12% of Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF worth $597,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Envestnet Asset Management Inc. lifted its position in shares of Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF by 2.5% during the fourth quarter. Envestnet Asset Management Inc. now owns 17,416 shares of the exchange traded fund’s stock worth $551,000 after acquiring an additional 418 shares in the last quarter. Wade Financial Advisory Inc increased its holdings in shares of Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF by 1.7% in the fourth quarter. Wade Financial Advisory Inc now owns 47,713 shares of the exchange traded fund’s stock worth $1,509,000 after purchasing an additional 785 shares during the period. KWB Wealth increased its holdings in shares of Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF by 1.3% in the fourth quarter. KWB Wealth now owns 62,980 shares of the exchange traded fund’s stock worth $1,991,000 after purchasing an additional 838 shares during the period. L & S Advisors Inc increased its holdings in shares of Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF by 3.7% in the fourth quarter. L & S Advisors Inc now owns 24,409 shares of the exchange traded fund’s stock worth $772,000 after purchasing an additional 881 shares during the period. Finally, Droms Strauss Advisors Inc. MO ADV increased its holdings in shares of Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF by 0.9% in the fourth quarter. Droms Strauss Advisors Inc. MO ADV now owns 114,232 shares of the exchange traded fund’s stock worth $3,612,000 after purchasing an additional 1,009 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 opened at $35.85 on Monday. The stock has a market cap of $333.41 million, a P/E ratio of 13.62 and a beta of 0.83. Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF has a fifty-two week low of $29.43 and a fifty-two week high of $35.93. The firm’s fifty day moving average price is $33.93 and its 200-day moving average price is $33.09.

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.