RiverFront Investment Group LLC Buys Shares of 9,375 Invesco FTSE RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ)

RiverFront Investment Group LLC purchased a new position in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) in the second quarter, HoldingsChannel reports. The fund purchased 9,375 shares of the company’s stock, valued at approximately $358,000.

Other hedge funds also recently made changes to their positions in the company. Waverly Advisors LLC lifted its position in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF by 2.8% in the fourth quarter. Waverly Advisors LLC now owns 1,631,552 shares of the company’s stock worth $61,167,000 after purchasing an additional 44,148 shares in the last quarter. LPL Financial LLC increased its stake in Invesco FTSE RAFI US 1500 Small-Mid ETF by 2.7% in the 2nd quarter. LPL Financial LLC now owns 1,219,068 shares of the company’s stock valued at $46,495,000 after buying an additional 31,717 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Invesco FTSE RAFI US 1500 Small-Mid ETF by 3.0% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 1,206,857 shares of the company’s stock worth $46,030,000 after buying an additional 34,749 shares in the last quarter. First Foundation Advisors boosted its stake in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF by 21.7% during the 2nd quarter. First Foundation Advisors now owns 1,027,074 shares of the company’s stock worth $39,173,000 after buying an additional 182,834 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF by 9.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 484,008 shares of the company’s stock worth $18,460,000 after buying an additional 42,100 shares during the last quarter.

Invesco FTSE RAFI US 1500 Small-Mid ETF Stock Performance

NASDAQ:PRFZ opened at $41.09 on Wednesday. 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 cap of $2.53 billion, a P/E ratio of 2.78 and a beta of 1.17. The stock’s 50-day simple moving average is $40.37 and its 200 day simple moving average is $39.05.

Invesco FTSE RAFI US 1500 Small-Mid ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were given a dividend of $0.131 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.28%. The ex-dividend date was Monday, September 23rd.

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.