RMG Wealth Management LLC Buys Shares of 2,858 Invesco RAFI US 1500 Small-Mid ETF $PRFZ

RMG Wealth Management LLC purchased a new stake in Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 2,858 shares of the company’s stock, valued at approximately $120,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PRFZ. Charles Schwab Investment Management Inc. lifted its position in Invesco RAFI US 1500 Small-Mid ETF by 6.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 20,959,358 shares of the company’s stock valued at $793,521,000 after buying an additional 1,274,728 shares during the last quarter. Raymond James Financial Inc. raised its stake in shares of Invesco RAFI US 1500 Small-Mid ETF by 1.2% in the 1st quarter. Raymond James Financial Inc. now owns 1,021,350 shares of the company’s stock valued at $38,668,000 after acquiring an additional 11,897 shares during the period. Arbor Investment Advisors LLC raised its stake in shares of Invesco RAFI US 1500 Small-Mid ETF by 2.5% in the 1st quarter. Arbor Investment Advisors LLC now owns 884,992 shares of the company’s stock valued at $33,506,000 after acquiring an additional 21,330 shares during the period. Royal Bank of Canada lifted its holdings in shares of Invesco RAFI US 1500 Small-Mid ETF by 5.3% in the 1st quarter. Royal Bank of Canada now owns 727,681 shares of the company’s stock worth $27,550,000 after acquiring an additional 36,502 shares during the last quarter. Finally, Stonebridge Financial Group LLC lifted its holdings in shares of Invesco RAFI US 1500 Small-Mid ETF by 6.9% in the 1st quarter. Stonebridge Financial Group LLC now owns 670,623 shares of the company’s stock worth $25,390,000 after acquiring an additional 43,065 shares during the last quarter.

Invesco RAFI US 1500 Small-Mid ETF Stock Performance

Invesco RAFI US 1500 Small-Mid ETF stock opened at $45.97 on Tuesday. Invesco RAFI US 1500 Small-Mid ETF has a fifty-two week low of $32.53 and a fifty-two week high of $46.47. The firm has a 50 day moving average price of $44.14 and a 200 day moving average price of $40.74. The company has a market capitalization of $2.60 billion, a PE ratio of 18.02 and a beta of 1.17.

Invesco RAFI US 1500 Small-Mid ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Monday, September 22nd were paid a $0.115 dividend. The ex-dividend date of this dividend was Monday, September 22nd. This is a boost from Invesco RAFI US 1500 Small-Mid ETF’s previous quarterly dividend of $0.11. This represents a $0.46 dividend on an annualized basis and a dividend yield of 1.0%.

Invesco 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.