30,540 Shares in Invesco RAFI US 1500 Small-Mid ETF $PRFZ Bought by Independent Financial Group LLC

Independent Financial Group LLC bought a new stake in shares of Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) in the first quarter, Holdings Channel reports. The fund bought 30,540 shares of the company’s stock, valued at approximately $1,401,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Clearstead Trust LLC acquired a new stake in Invesco RAFI US 1500 Small-Mid ETF during the 4th quarter worth about $45,000. Howe & Rusling Inc. lifted its holdings in shares of Invesco RAFI US 1500 Small-Mid ETF by 42.1% in the 4th quarter. Howe & Rusling Inc. now owns 1,030 shares of the company’s stock valued at $47,000 after buying an additional 305 shares during the period. Palisade Asset Management LLC purchased a new stake in shares of Invesco RAFI US 1500 Small-Mid ETF in the third quarter worth about $69,000. Sunbelt Securities Inc. boosted its stake in shares of Invesco RAFI US 1500 Small-Mid ETF by 20.8% in the third quarter. Sunbelt Securities Inc. now owns 1,727 shares of the company’s stock worth $78,000 after buying an additional 297 shares during the last quarter. Finally, Triumph Capital Management acquired a new stake in Invesco RAFI US 1500 Small-Mid ETF during the third quarter worth about $80,000.

Invesco RAFI US 1500 Small-Mid ETF Trading Down 0.1%

Shares of PRFZ stock opened at $54.27 on Monday. The stock has a 50 day moving average of $52.74 and a 200 day moving average of $49.72. The stock has a market cap of $2.79 billion, a P/E ratio of 18.02 and a beta of 1.05. Invesco RAFI US 1500 Small-Mid ETF has a twelve month low of $40.27 and a twelve month high of $56.24.

Invesco RAFI US 1500 Small-Mid ETF Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were paid a dividend of $0.0992 per share. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.7%.

About Invesco 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.