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

86 hedge funds and large institutions have $440M invested in Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF in 2023 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 22 increasing their positions, 35 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

3% more capital invested

Capital invested by funds: $428M → $440M (+$11.1M)

1% less ownership

Funds ownership: 77.13% → 76.13% (-1%)

9% less funds holding

Funds holding: 94 → 86 (-8)

33% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 9

37% less repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 35

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
86
Holders Change
-8
Holders Change %
-8.51%
% of All Funds
1.37%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
6
Increased
22
Reduced
35
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Citadel Advisors
Citadel Advisors
Florida
+$25.4M
2
FTUS
Flow Traders U.S.
New York
+$4.32M
3
Bank of Montreal
Bank of Montreal
Ontario, Canada
+$2.59M
4
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$955K
5
OMC
Old Mission Capital
Illinois
+$657K

Top Sellers

Rank Fund Capital Flow
1
CSIA
Charles Schwab Investment Advisory
California
-$25.3M
2
Invesco
Invesco
Georgia
-$2.85M
3
RPSA
Richard P. Slaughter Associates
Texas
-$2.29M
4
Jane Street
Jane Street
New York
-$2.13M
5
BA
Bridge Advisory
California
-$973K
Name Holding Trade Value Shares
Change 		Change in
Stake
CSIA
1
Charles Schwab Investment Advisory
California
$292M -$25.3M -817,335 -8%
Invesco
2
Invesco
Georgia
$37.2M -$2.85M -92,256 -7%
Citadel Advisors
3
Citadel Advisors
Florida
$26.2M +$25.4M +822,118 +3,608%
FTUS
4
Flow Traders U.S.
New York
$9.59M +$4.32M +139,611 +82%
CIC
5
Cutler Investment Counsel
Oregon
$8.53M -$716K -23,143 -8%
OWM
6
Opes Wealth Management
California
$6.77M -$272K -8,780 -4%
HighTower Advisors
7
HighTower Advisors
Illinois
$5.75M -$258K -8,334 -4%
MWM
8
Merriman Wealth Management
Washington
$4.81M +$126K +4,058 +3%
CAPTRUST Financial Advisors
9
CAPTRUST Financial Advisors
North Carolina
$4.14M -$216K -6,966 -5%
DSA
10
Droms Strauss Advisors
Missouri
$3.37M +$155 +5 +0%
WFA
11
Wade Financial Advisory
California
$2.94M -$2.85K -92 -0.1%
Royal Bank of Canada
12
Royal Bank of Canada
Ontario, Canada
$2.83M +$955K +30,867 +51%
OMC
13
Old Mission Capital
Illinois
$2.71M +$657K +21,244 +32%
Bank of Montreal
14
Bank of Montreal
Ontario, Canada
$2.66M +$2.59M +83,565 +4,029%
Envestnet Asset Management
15
Envestnet Asset Management
Illinois
$2.37M -$84.2K -2,720 -3%
Ameriprise
16
Ameriprise
Minnesota
$2.34M -$524K -16,948 -18%
KW
17
KWB Wealth
California
$2.02M +$25.9K +838 +1%
AIM
18
Alhambra Investment Management
Florida
$1.87M +$88.9K +2,873 +5%
Bank of America
19
Bank of America
North Carolina
$1.27M -$303K -9,784 -19%
WP
20
WealthSource Partners
California
$1.19M +$773 +25 +0.1%
Wells Fargo
21
Wells Fargo
California
$1.09M -$896K -28,951 -45%
CST
22
Charles Schwab Trust
Nevada
$1.06M +$32.2K +1,040 +3%
AWS
23
Atria Wealth Solutions
New York
$991K +$13.8K +445 +1%
SIM
24
Studio Investment Management
Illinois
$881K -$277K -8,949 -24%
AAS
25
Avantax Advisory Services
Texas
$827K +$64.1K +2,072 +8%
1
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PDN Hedge Fund Activity: Q1 2023 in Review

86 of the 6,276 institutional investors tracked by Wall St. Rank reported a position in Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF (PDN) for Q1 2023, worth a combined $440M — up 2.6% from $428M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of PDN and 6 opened new positions — a net loss of 3 holders — while 35 trimmed existing stakes and 22 added.

The largest buyer was Citadel Advisors, adding an estimated $25.4M. The largest seller was Charles Schwab Investment Advisory, cutting an estimated $25.3M.

  • 86 institutional investors held Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF (PDN) as of Q1 2023, down from 94 in Q4 2022.
  • Funds reported $440M of Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF stock for Q1 2023, up 2.6% quarter-over-quarter.
  • 6 funds opened new Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF positions in Q1 2023 and 9 closed out, a net change of -3 holders.
  • The largest Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF buyer in Q1 2023 was Citadel Advisors, an estimated $25.4M added.
  • The largest Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF seller in Q1 2023 was Charles Schwab Investment Advisory, an estimated $25.3M sold.

Based on aggregated 13F filings for Q1 2023.