Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF
PDN
55 hedge funds and large institutions have $174M invested in Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF in 2018 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 24 increasing their positions, 11 reducing their positions, and 3 closing their positions.
200% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 3
118% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 11
52% more capital invested
Capital invested by funds: $115M → $174M (+$59.4M)
11.81% more ownership
Funds ownership: 51.43% → 63.24% (+12%)
10% more funds holding
Funds holding: 50 → 55 (+5)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CSIA
Charles Schwab Investment Advisory
San Francisco,
California
|
+$51.8M |
| 2 |
Jane Street
New York
|
+$2.4M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$2.22M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
+$1.7M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$1.65M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GT
Glenmede Trust
Philadelphia,
Pennsylvania
|
-$1.86M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$494K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$397K |
| 4 |
JWA
JFS Wealth Advisors
Hermitage,
Pennsylvania
|
-$136K |
| 5 |
F
F3Logic
Burnsville,
Minnesota
|
-$122K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
DWM
51
Destination Wealth Management
Walnut Creek,
California
| $7K | +$6.64K | +203 | New |
|
|
VCM
52
Versant Capital Management
Phoenix,
Arizona
| $6K | +$6.38K | +195 | New |
|
53
BlackRock
New York
| $5K | – | – | – |
|
|
WG
54
Welch Group
Birmingham,
Alabama
| $134 | – | – | – |
|
|
GT
55
Glenmede Trust
Philadelphia,
Pennsylvania
| – | -$1.86M | -43,698 | Closed |
|
|
CF
56
Centaurus Financial
Anaheim,
California
| – | -$46K | -1,378 | Closed |
|
57
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
| – | -$37K | -1,119 | Closed |
|
PDN Hedge Fund Activity: Q3 2018 in Review
55 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF (PDN) for Q3 2018, worth a combined $174M — up 52% from $115M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new PDN positions and 3 closed out — a net gain of 6 holders — while 24 added to existing stakes and 11 trimmed.
The largest buyer was Charles Schwab Investment Advisory, adding an estimated $51.8M. The largest seller was Glenmede Trust, exiting entirely with an estimated $1.86M sold.
- 55 institutional investors held Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF (PDN) as of Q3 2018, up from 50 in Q2 2018.
- Funds reported $174M of Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF stock for Q3 2018, up 52% quarter-over-quarter.
- 9 funds opened new Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF positions in Q3 2018 and 3 closed out, a net change of +6 holders.
- The largest Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF buyer in Q3 2018 was Charles Schwab Investment Advisory, an estimated $51.8M added.
- The largest Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF seller in Q3 2018 was Glenmede Trust, an estimated $1.86M sold.
Based on aggregated 13F filings for Q3 2018.