Droms Strauss Advisors Inc. MO ADV Purchases New Holdings in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF $PDN

Droms Strauss Advisors Inc. MO ADV acquired a new stake in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 100,002 shares of the exchange traded fund’s stock, valued at approximately $4,590,000. Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF comprises approximately 1.1% of Droms Strauss Advisors Inc. MO ADV’s investment portfolio, making the stock its 22nd largest holding.

A number of other institutional investors have also made changes to their positions in PDN. Integrated Wealth Concepts LLC bought a new stake in shares of Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF in the second quarter worth $25,000. Root Financial Partners LLC acquired a new position in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF during the third quarter worth $45,000. IFP Advisors Inc grew its position in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 6.6% in the third quarter. IFP Advisors Inc now owns 4,835 shares of the exchange traded fund’s stock valued at $222,000 after purchasing an additional 300 shares in the last quarter. JFS Wealth Advisors LLC grew its position in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 25.1% in the second quarter. JFS Wealth Advisors LLC now owns 10,165 shares of the exchange traded fund’s stock valued at $457,000 after purchasing an additional 2,041 shares in the last quarter. Finally, Cetera Investment Advisers grew its position in Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF by 2.9% in the first quarter. Cetera Investment Advisers now owns 15,246 shares of the exchange traded fund’s stock valued at $661,000 after purchasing an additional 431 shares in the last quarter.

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

PDN stock traded down $0.38 during midday trading on Friday, hitting $44.03. The company’s stock had a trading volume of 111,586 shares, compared to its average volume of 20,818. Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF has a twelve month low of $39.65 and a twelve month high of $47.94. The company’s fifty day moving average price is $46.07 and its 200 day moving average price is $45.78. The stock has a market capitalization of $334.63 million, a P/E ratio of 14.25 and a beta of 0.82.

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.