Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF
PDN
94 hedge funds and large institutions have $361M invested in Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF in 2024 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 29 increasing their positions, 30 reducing their positions, and 18 closing their positions.
3% less repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 30
1.61% less ownership
Funds ownership: 75.3% → 73.69% (-1.6%)
6% less funds holding
Funds holding: 100 → 94 (-6)
8% less capital invested
Capital invested by funds: $392M → $361M (-$31.2M)
33% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 18
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Charles Schwab
San Francisco,
California
|
+$277M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.67M |
| 3 |
ADL
Asset Dedication LLC
San Francisco,
California
|
+$690K |
| 4 |
AWM
Axxcess Wealth Management
Carlsbad,
California
|
+$493K |
| 5 |
Cerity Partners
New York
|
+$332K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FTUS
Flow Traders U.S.
New York
|
-$5.01M |
| 2 |
Jane Street
New York
|
-$3.15M |
| 3 |
OMC
Old Mission Capital
Chicago,
Illinois
|
-$2.35M |
| 4 |
AIM
Alhambra Investment Management
Palmetto Bay,
Florida
|
-$2.14M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$1.29M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CGL
101
Clarius Group LLC
Seattle,
Washington
| – | -$230K | -7,004 | Closed |
|
|
QCIG
102
Quad-Cities Investment Group
Davenport,
Iowa
| – | -$227K | -6,908 | Closed |
|
|
KFGK
103
Keystone Financial Group (Kentucky)
Lexington,
Kentucky
| – | -$214K | -6,519 | Closed |
|
|
NCM
104
Northwest Capital Management
Lake Oswego,
Oregon
| – | -$54K | -1,643 | Closed |
|
105
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$49.8K | -1,515 | Closed |
|
|
IGWM
106
ICA Group Wealth Management
Denver,
Colorado
| – | -$19.5K | -593 | Closed |
|
|
PMFA
107
Plante Moran Financial Advisors
Southfield,
Michigan
| – | -$11.4K | -347 | Closed |
|
|
FCAS
108
First Command Advisory Services
Fort Worth,
Texas
| – | -$9.44K | -287 | Closed |
|
|
TWC
109
TD Waterhouse Canada
Toronto,
Ontario, Canada
| – | -$7.88K | -242 | Closed |
|
|
FSWA
110
Financial Synergies Wealth Advisors
Houston,
Texas
| – | -$1.94K | -59 | Closed |
|
|
AWM
111
Avior Wealth Management
Omaha,
Nebraska
| – | -$65 | -2 | Closed |
|
|
CSWM
112
Cassady Schiller Wealth Management
Cincinnati,
Ohio
| – | -$33 | -1 | Closed |
|
PDN Hedge Fund Activity: Q2 2024 in Review
94 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF (PDN) for Q2 2024, worth a combined $361M — down 8% from $392M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of PDN and 12 opened new positions — a net loss of 6 holders — while 30 trimmed existing stakes and 29 added.
The largest buyer was Charles Schwab, opening a new position worth an estimated $277M. The largest seller was Flow Traders U.S., cutting an estimated $5.01M.
- 94 institutional investors held Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF (PDN) as of Q2 2024, down from 100 in Q1 2024.
- Funds reported $361M of Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF stock for Q2 2024, down 8% quarter-over-quarter.
- 12 funds opened new Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF positions in Q2 2024 and 18 closed out, a net change of -6 holders.
- The largest Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF buyer in Q2 2024 was Charles Schwab, an estimated $277M added.
- The largest Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF seller in Q2 2024 was Flow Traders U.S., an estimated $5.01M sold.
Based on aggregated 13F filings for Q2 2024.