Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF
PDN
30 hedge funds and large institutions have $69.1M invested in Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF in 2015 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 10 increasing their positions, 7 reducing their positions, and 4 closing their positions.
53% more capital invested
Capital invested by funds: $45.3M → $69.1M (+$23.8M)
50% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 4
43% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 7
15.12% more ownership
Funds ownership: 37.9% → 53.02% (+15%)
3% more funds holding
Funds holding: 29 → 30 (+1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CSIA
Charles Schwab Investment Advisory
San Francisco,
California
|
+$26.6M |
| 2 |
Morgan Stanley
New York
|
+$1.79M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$1.66M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
+$444K |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$391K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$683K |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$382K |
| 3 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
-$380K |
| 4 |
LPL Financial
San Diego,
California
|
-$256K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$195K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Bank of Montreal
Toronto,
Ontario, Canada
| $31K | -$69.3K | -2,590 | -68% |
|
27
Creative Planning
Overland Park,
Kansas
| $30K | +$31.3K | +1,169 | New |
|
|
LTFS
28
Ladenburg Thalmann Financial Services
Miami,
Florida
| $14K | – | – | – |
|
29
Citigroup
New York
| $6K | – | – | – |
|
|
UCFA
30
United Capital Financial Advisors
Irving,
Texas
| – | -$380K | -13,525 | Closed |
|
|
31
LPL Financial
San Diego,
California
| – | -$256K | -9,227 | Closed |
|
32
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$32K | -1,140 | Closed |
|
|
MFS
33
MSI Financial Services
Springfield,
Massachusetts
| – | -$1K | -28 | Closed |
|
PDN Hedge Fund Activity: Q3 2015 in Review
30 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF (PDN) for Q3 2015, worth a combined $69.1M — up 53% from $45.3M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new PDN positions and 4 closed out — a net gain of 2 holders — while 10 added to existing stakes and 7 trimmed.
The largest buyer was Charles Schwab Investment Advisory, opening a new position worth an estimated $26.6M. The largest seller was Goldman Sachs, cutting an estimated $683K.
- 30 institutional investors held Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF (PDN) as of Q3 2015, up from 29 in Q2 2015.
- Funds reported $69.1M of Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF stock for Q3 2015, up 53% quarter-over-quarter.
- 6 funds opened new Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF positions in Q3 2015 and 4 closed out, a net change of +2 holders.
- The largest Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF buyer in Q3 2015 was Charles Schwab Investment Advisory, an estimated $26.6M added.
- The largest Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF seller in Q3 2015 was Goldman Sachs, an estimated $683K sold.
Based on aggregated 13F filings for Q3 2015.