Invesco FTSE RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) Stock Position Increased by Arbor Investment Advisors LLC

Arbor Investment Advisors LLC raised its stake in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) by 1.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 869,260 shares of the company’s stock after buying an additional 9,212 shares during the quarter. Invesco FTSE RAFI US 1500 Small-Mid ETF comprises 4.8% of Arbor Investment Advisors LLC’s portfolio, making the stock its 6th largest holding. Arbor Investment Advisors LLC owned approximately 1.41% of Invesco FTSE RAFI US 1500 Small-Mid ETF worth $36,118,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of PRFZ. Creative Planning increased its stake in Invesco FTSE RAFI US 1500 Small-Mid ETF by 18.4% during the 3rd quarter. Creative Planning now owns 114,377 shares of the company’s stock valued at $4,752,000 after purchasing an additional 17,756 shares in the last quarter. EP Wealth Advisors LLC purchased a new stake in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF in the second quarter worth $152,000. Johnson & White Wealth Management LLC raised its position in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF by 5.1% during the third quarter. Johnson & White Wealth Management LLC now owns 205,775 shares of the company’s stock valued at $8,550,000 after buying an additional 9,948 shares during the last quarter. Western Wealth Management LLC increased its holdings in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF by 5.3% in the second quarter. Western Wealth Management LLC now owns 13,394 shares of the company’s stock worth $511,000 after purchasing an additional 669 shares during the last quarter. Finally, Sequoia Financial Advisors LLC raised its holdings in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF by 11.9% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 10,565 shares of the company’s stock worth $403,000 after acquiring an additional 1,120 shares in the last quarter.

Invesco FTSE RAFI US 1500 Small-Mid ETF Stock Performance

PRFZ stock traded up $0.62 during midday trading on Monday, reaching $41.67. The company’s stock had a trading volume of 14,110 shares, compared to its average volume of 99,598. The firm has a market capitalization of $2.57 billion, a price-to-earnings ratio of 2.78 and a beta of 1.17. Invesco FTSE RAFI US 1500 Small-Mid ETF has a 1 year low of $30.34 and a 1 year high of $42.64. The stock has a fifty day simple moving average of $40.97 and a two-hundred day simple moving average of $39.46.

Invesco FTSE RAFI US 1500 Small-Mid ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were given a $0.131 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend was Monday, September 23rd.

Invesco FTSE RAFI US 1500 Small-Mid ETF Profile

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.