Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF
PDN
97 hedge funds and large institutions have $404M invested in Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF in 2023 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 18 increasing their positions, 42 reducing their positions, and 9 closing their positions.
111% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 9
11% more funds holding
Funds holding: 87 → 97 (+10)
7% more capital invested
Capital invested by funds: $378M → $404M (+$25.5M)
0.1% more ownership
Funds ownership: 75.95% → 76.06% (+0.1%)
57% less repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 42
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CSIA
Charles Schwab Investment Advisory
San Francisco,
California
|
+$10.3M |
| 2 |
MWM
Merriman Wealth Management
Seattle,
Washington
|
+$3.84M |
| 3 |
FTUS
Flow Traders U.S.
New York
|
+$2.56M |
| 4 |
Jane Street
New York
|
+$2.28M |
| 5 |
Mercer Global Advisors
Denver,
Colorado
|
+$535K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$26.8M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$2.06M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$1.14M |
| 4 |
C
Certuity
North Palm Beach,
Florida
|
-$738K |
| 5 |
LPL Financial
San Diego,
California
|
-$384K |
PDN Hedge Fund Activity: Q4 2023 in Review
97 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF (PDN) for Q4 2023, worth a combined $404M — up 6.7% from $378M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new PDN positions and 9 closed out — a net gain of 10 holders — while 18 added to existing stakes and 42 trimmed.
The largest buyer was Charles Schwab Investment Advisory, adding an estimated $10.3M. The largest seller was Invesco, cutting an estimated $26.8M.
- 97 institutional investors held Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF (PDN) as of Q4 2023, up from 87 in Q3 2023.
- Funds reported $404M of Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF stock for Q4 2023, up 6.7% quarter-over-quarter.
- 19 funds opened new Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF positions in Q4 2023 and 9 closed out, a net change of +10 holders.
- The largest Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF buyer in Q4 2023 was Charles Schwab Investment Advisory, an estimated $10.3M added.
- The largest Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF seller in Q4 2023 was Invesco, an estimated $26.8M sold.
Based on aggregated 13F filings for Q4 2023.