Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF
PDN
87 hedge funds and large institutions have $378M invested in Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF in 2023 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 32 increasing their positions, 25 reducing their positions, and 16 closing their positions.
28% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 25
0.04% less ownership
Funds ownership: 76% → 75.95% (-0.04%)
7% less capital invested
Capital invested by funds: $407M → $378M (-$29M)
10% less funds holding
Funds holding: 97 → 87 (-10)
50% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$1.96M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$956K |
| 3 |
LPL Financial
San Diego,
California
|
+$750K |
| 4 |
LSA
L & S Advisors
Los Angeles,
California
|
+$439K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$298K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CSIA
Charles Schwab Investment Advisory
San Francisco,
California
|
-$6.55M |
| 2 |
MWM
Merriman Wealth Management
Seattle,
Washington
|
-$4.52M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
-$2.12M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$1.2M |
| 5 |
FTUS
Flow Traders U.S.
New York
|
-$1.18M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
| – | -$7K | -236 | Closed |
|
|
RMA
102
Roffman Miller Associates
Philadelphia,
Pennsylvania
| – | -$739 | -24 | Closed |
|
|
PO
103
Private Ocean
San Rafael,
California
| – | -$92 | -3 | Closed |
|
104
Citigroup
New York
| – | -$31 | -1 | Closed |
|
PDN Hedge Fund Activity: Q3 2023 in Review
87 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF (PDN) for Q3 2023, worth a combined $378M — down 7.1% from $407M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of PDN and 8 opened new positions — a net loss of 8 holders — while 25 trimmed existing stakes and 32 added.
The largest buyer was Jane Street, adding an estimated $1.96M. The largest seller was Charles Schwab Investment Advisory, cutting an estimated $6.55M.
- 87 institutional investors held Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF (PDN) as of Q3 2023, down from 97 in Q2 2023.
- Funds reported $378M of Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF stock for Q3 2023, down 7.1% quarter-over-quarter.
- 8 funds opened new Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF positions in Q3 2023 and 16 closed out, a net change of -8 holders.
- The largest Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF buyer in Q3 2023 was Jane Street, an estimated $1.96M added.
- The largest Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF seller in Q3 2023 was Charles Schwab Investment Advisory, an estimated $6.55M sold.
Based on aggregated 13F filings for Q3 2023.