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

Merriman Wealth Management LLC reduced its stake in shares of Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF (NYSEARCA:PDN) by 1.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 124,309 shares of the exchange traded fund’s stock after selling 1,854 shares during the period. Merriman Wealth Management LLC owned 0.80% of Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF worth $4,018,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Mercer Global Advisors Inc. ADV lifted its position in shares of Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF by 5.3% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 19,223 shares of the exchange traded fund’s stock valued at $621,000 after buying an additional 967 shares in the last quarter. L & S Advisors Inc lifted its position in shares of Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF by 2.1% during the 2nd quarter. L & S Advisors Inc now owns 24,130 shares of the exchange traded fund’s stock valued at $780,000 after buying an additional 498 shares in the last quarter. Axxcess Wealth Management LLC purchased a new position in shares of Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF during the 2nd quarter valued at about $487,000. CoreCap Advisors LLC purchased a new position in Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF in the 2nd quarter worth approximately $337,000. Finally, Studio Investment Management LLC lifted its holdings in Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF by 5.3% in the 2nd quarter. Studio Investment Management LLC now owns 31,069 shares of the exchange traded fund’s stock worth $1,004,000 after purchasing an additional 1,571 shares in the last quarter.

Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF Trading Down 1.0 %

NYSEARCA PDN opened at $34.75 on Friday. The stock’s 50 day moving average is $33.70 and its 200 day moving average is $33.08. Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF has a 12 month low of $27.67 and a 12 month high of $35.19. The stock has a market cap of $540.36 million, a PE ratio of 11.04 and a beta of 0.87.

About Invesco FTSE 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.