Solitude Financial Services Sells 1,375 Shares of Invesco FTSE RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ)

Solitude Financial Services lowered its stake in Invesco FTSE RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) by 15.9% in the second quarter, Holdings Channel reports. The fund owned 7,255 shares of the company’s stock after selling 1,375 shares during the quarter. Solitude Financial Services’ holdings in Invesco FTSE RAFI US 1500 Small-Mid ETF were worth $277,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in PRFZ. Sachetta LLC bought a new position in Invesco FTSE RAFI US 1500 Small-Mid ETF during the fourth quarter worth $1,217,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in Invesco FTSE RAFI US 1500 Small-Mid ETF by 2.8% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 14,390 shares of the company’s stock valued at $539,000 after buying an additional 390 shares during the period. Advisory Services Network LLC boosted its holdings in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF by 36.0% during the 4th quarter. Advisory Services Network LLC now owns 32,138 shares of the company’s stock worth $1,205,000 after buying an additional 8,510 shares in the last quarter. D.A. Davidson & CO. grew its position in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF by 3.4% during the 4th quarter. D.A. Davidson & CO. now owns 13,556 shares of the company’s stock worth $508,000 after buying an additional 444 shares during the period. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF in the 4th quarter valued at $346,000.

Invesco FTSE RAFI US 1500 Small-Mid ETF Stock Up 0.6 %

PRFZ traded up $0.23 during midday trading on Friday, hitting $39.98. The company had a trading volume of 47,403 shares, compared to its average volume of 109,164. The stock’s 50 day moving average price is $39.04 and its 200 day moving average price is $38.34. Invesco FTSE RAFI US 1500 Small-Mid ETF has a 52 week low of $30.29 and a 52 week high of $42.64. The company has a market capitalization of $2.45 billion, a price-to-earnings ratio of 2.78 and a beta of 1.17.

Invesco FTSE RAFI US 1500 Small-Mid ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 24th were paid a dividend of $0.1563 per share. This is an increase from Invesco FTSE RAFI US 1500 Small-Mid ETF’s previous quarterly dividend of $0.09. This represents a $0.63 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date was Monday, June 24th.

About Invesco FTSE RAFI US 1500 Small-Mid ETF

The Invesco FTSE RAFI US 1500 Small-Mid ETF (PRFZ) is an exchange-traded fund that is based on the FTSE RAFI US 1500 index. The fund tracks a fundamentally-weighted index of 1,500 small- and mid-cap companies in the US that are selected using fundamental metrics. PRFZ was launched on Sep 20, 2006 and is managed by Invesco.