Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF
PDN
94 hedge funds and large institutions have $428M invested in Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF in 2022 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 29 increasing their positions, 30 reducing their positions, and 9 closing their positions.
100% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 9
26% more capital invested
Capital invested by funds: $340M → $428M (+$89M)
9% more funds holding
Funds holding: 86 → 94 (+8)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
3% less repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 30
5.39% less ownership
Funds ownership: 82.52% → 77.13% (-5.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CSIA
Charles Schwab Investment Advisory
San Francisco,
California
|
+$18.6M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$5.25M |
| 3 |
FTUS
Flow Traders U.S.
New York
|
+$4.4M |
| 4 |
MWM
Merriman Wealth Management
Seattle,
Washington
|
+$4.26M |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
+$3.39M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIAS
CFS Investment Advisory Services
Totowa,
New Jersey
|
-$22.2M |
| 2 |
AF
Allworth Financial
Folsom,
California
|
-$1.71M |
| 3 |
OPOWM
One Plus One Wealth Management
Jupiter,
Florida
|
-$1.46M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$1.19M |
| 5 |
OMC
Old Mission Capital
Chicago,
Illinois
|
-$600K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GWSG
101
GPS Wealth Strategies Group
Centennial,
Colorado
| – | -$5K | -210 | Closed |
|
102
BlackRock
New York
| – | -$2K | -78 | Closed |
|
103
National Bank of Canada
Montreal,
Quebec, Canada
| – | -$1K | -56 | Closed |
|
PDN Hedge Fund Activity: Q4 2022 in Review
94 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF (PDN) for Q4 2022, worth a combined $428M — up 26% from $340M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new PDN positions and 9 closed out — a net gain of 9 holders — while 29 added to existing stakes and 30 trimmed.
The largest buyer was Charles Schwab Investment Advisory, adding an estimated $18.6M. The largest seller was CFS Investment Advisory Services, cutting an estimated $22.2M.
- 94 institutional investors held Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF (PDN) as of Q4 2022, up from 86 in Q3 2022.
- Funds reported $428M of Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF stock for Q4 2022, up 26% quarter-over-quarter.
- 18 funds opened new Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF positions in Q4 2022 and 9 closed out, a net change of +9 holders.
- The largest Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF buyer in Q4 2022 was Charles Schwab Investment Advisory, an estimated $18.6M added.
- The largest Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF seller in Q4 2022 was CFS Investment Advisory Services, an estimated $22.2M sold.
Based on aggregated 13F filings for Q4 2022.