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Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF
PDN

97 hedge funds and large institutions have $404M invested in Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF in 2023 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 18 increasing their positions, 42 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

111% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 9

11% more funds holding

Funds holding: 87 → 97 (+10)

7% more capital invested

Capital invested by funds: $378M → $404M (+$25.5M)

0.1% more ownership

Funds ownership: 75.95% → 76.06% (+0.1%)

57% less repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 42

Holders
97
Holders Change
+10
Holders Change %
+11.49%
% of All Funds
1.41%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.01%
New
19
Increased
18
Reduced
42
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
CSIA
Charles Schwab Investment Advisory
California
+$10.3M
2
MWM
Merriman Wealth Management
Washington
+$3.84M
3
FTUS
Flow Traders U.S.
New York
+$2.56M
4
Jane Street
Jane Street
New York
+$2.28M
5
Mercer Global Advisors
Mercer Global Advisors
Colorado
+$535K

Top Sellers

Rank Fund Capital Flow
1
Invesco
Invesco
Georgia
-$26.8M
2
Bank of Montreal
Bank of Montreal
Ontario, Canada
-$2.06M
3
Citadel Advisors
Citadel Advisors
Florida
-$1.14M
4
C
Certuity
Florida
-$738K
5
LPL Financial
LPL Financial
California
-$384K
Name Holding Trade Value Shares
Change 		Change in
Stake
LSA
26
L & S Advisors
California
$757K -$291K -9,704 -29%
Morgan Stanley
27
Morgan Stanley
New York
$755K +$187K +6,241 +37%
SMC
28
Smith, Moore & Co
Missouri
$725K – – –
CIBC World Market
29
CIBC World Market
Ontario, Canada
$713K -$32.7K -1,089 -5%
WN
30
Williams & Novak
California
$691K +$639K +21,278 New
DAS
31
Dynamic Advisor Solutions
Arizona
$681K -$296K -9,873 -32%
LPL Financial
32
LPL Financial
California
$652K -$384K -12,804 -39%
SM
33
Sensible Money
Arizona
$588K – – –
Mercer Global Advisors
34
Mercer Global Advisors
Colorado
$579K +$535K +17,822 New
CC
35
Callan Capital
California
$548K – – –
RSWM
36
Robertson Stephens Wealth Management
California
$539K – – –
Commonwealth Equity Services
37
Commonwealth Equity Services
Massachusetts
$507K -$157K -5,219 -25%
CGL
38
Clarius Group LLC
Washington
$397K -$89.9K -2,996 -20%
Susquehanna International Group
39
Susquehanna International Group
Pennsylvania
$393K +$364K +12,111 New
SFA
40
Sequoia Financial Advisors
Ohio
$378K +$349K +11,635 New
Cetera Investment Advisers
41
Cetera Investment Advisers
Illinois
$369K -$47.2K -1,573 -12%
JWA
42
JFS Wealth Advisors
Pennsylvania
$356K -$16.2K -538 -5%
CIAS
43
CFS Investment Advisory Services
New Jersey
$355K -$62.8K -2,092 -16%
TBWA
44
Three Bridge Wealth Advisors
California
$342K +$180 +6 +0.1%
Bank of America
45
Bank of America
North Carolina
$326K -$82.3K -2,742 -21%
KAS
46
Kestra Advisory Services
Texas
$316K -$1.71K -57 -0.6%
UBS Group
47
UBS Group
Switzerland
$313K -$27.5K -915 -9%
CRI
48
Colonial River Investments
Virginia
$312K +$6.25K +208 +2%
IFA
49
Index Fund Advisors
California
$309K – – –
AAS
50
Avantax Advisory Services
Texas
$300K +$10.5K +350 +4%
1
2
3 4 5

PDN Hedge Fund Activity: Q4 2023 in Review

97 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF (PDN) for Q4 2023, worth a combined $404M — up 6.7% from $378M a quarter earlier.

Buyers outnumbered sellers: 19 funds opened new PDN positions and 9 closed out — a net gain of 10 holders — while 18 added to existing stakes and 42 trimmed.

The largest buyer was Charles Schwab Investment Advisory, adding an estimated $10.3M. The largest seller was Invesco, cutting an estimated $26.8M.

  • 97 institutional investors held Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF (PDN) as of Q4 2023, up from 87 in Q3 2023.
  • Funds reported $404M of Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF stock for Q4 2023, up 6.7% quarter-over-quarter.
  • 19 funds opened new Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF positions in Q4 2023 and 9 closed out, a net change of +10 holders.
  • The largest Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF buyer in Q4 2023 was Charles Schwab Investment Advisory, an estimated $10.3M added.
  • The largest Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF seller in Q4 2023 was Invesco, an estimated $26.8M sold.

Based on aggregated 13F filings for Q4 2023.