Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF Shows Strength Above Moving Average – What to Consider Next?

On March 15, 2025, shares of the Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN) demonstrated positive momentum by crossing above its 50-day moving average during Friday's trading session. The stock's 50-day moving average was recorded at $32.92, while it reached a peak price of $34.42 before concluding the day at $34.35, with 29,438 shares changing hands.

Performance Overview of PDN

The Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF has a market capitalization of approximately $405.33 million. It exhibits a price-to-earnings (P/E) ratio of 13.24, along with a beta value of 0.93, indicating its volatility in relation to the broader market. The ETF has a 200-day moving average of $33.22, illustrating its longer-term price trend.

Recent Institutional Investment Activity

Various large institutional investors have been making adjustments to their holdings in the PDN ETF recently. US Bancorp DE established a new position in PDN worth about $48,000 in the third quarter. Similarly, Aptus Capital Advisors LLC increased its stake in the ETF by 19.4%, now holding 1,951 shares valued at $69,000 after buying an additional 317 shares. Studio Investment Management LLC also raised its position by 6.5%, acquiring a total of 33,084 shares valued at approximately $1,163,000 after purchasing 2,015 new shares during the quarter.

In a notable move, Bank of Montreal Can boosted its holdings in PDN by 62.7%, bringing its total to 62,221 shares worth around $2,186,000 following an increase of 23,971 shares. Furthermore, FMR LLC added 1,147 shares, elevating its stake in the ETF by 18.6%, resulting in a total of 7,315 shares valued at $257,000.

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

This exchange-traded fund is designed to track the FTSE RAFI Developed x US Mid/Small index, focusing on a fundamentally-weighted index composed of small- and mid-cap stocks from developed countries outside of the United States. These stocks are screened based on various fundamental metrics, providing investors with potential exposure to a range of international markets.

Conclusion: What Should Investors Do Next?

With the recent surge in share price, investors are left contemplating whether to hold or sell their positions in PDN. As always, thorough analysis and consideration of both market conditions and individual investment goals are essential when making decisions regarding any investment.

ETF, Investment, Stocks