Invesco RAFI US 1500 Small-Mid ETF $PRFZ Shares Newly Acquired by Cornerstone Wealth Management LLC

Cornerstone Wealth Management LLC purchased a new stake in shares of Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 123,687 shares of the company’s stock, valued at approximately $6,473,000. Cornerstone Wealth Management LLC owned about 0.25% of Invesco RAFI US 1500 Small-Mid ETF at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in PRFZ. AlphaCore Capital LLC purchased a new stake in Invesco RAFI US 1500 Small-Mid ETF during the third quarter valued at $12,104,000. Brighton Jones LLC purchased a new position in shares of Invesco RAFI US 1500 Small-Mid ETF in the 3rd quarter worth $1,273,000. Parallel Advisors LLC purchased a new position in shares of Invesco RAFI US 1500 Small-Mid ETF in the 3rd quarter worth $1,003,000. Prudent Man Investment Management Inc. increased its holdings in shares of Invesco RAFI US 1500 Small-Mid ETF by 5,280.0% in the 3rd quarter. Prudent Man Investment Management Inc. now owns 538 shares of the company’s stock worth $28,000 after buying an additional 528 shares during the last quarter. Finally, Principle Wealth Partners LLC bought a new stake in shares of Invesco RAFI US 1500 Small-Mid ETF in the 3rd quarter worth about $314,000.

Invesco RAFI US 1500 Small-Mid ETF Trading Down 0.7%

Shares of NASDAQ PRFZ opened at $53.11 on Wednesday. The firm’s 50-day moving average price is $53.13 and its 200-day moving average price is $51.55. The stock has a market capitalization of $2.66 billion, a price-to-earnings ratio of 19.36 and a beta of 1.09. Invesco RAFI US 1500 Small-Mid ETF has a 12-month low of $42.73 and a 12-month high of $56.84.

Invesco RAFI US 1500 Small-Mid ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Monday, September 21st were paid a dividend of $0.1290 per share. The ex-dividend date of this dividend was Monday, September 21st. This is an increase from Invesco RAFI US 1500 Small-Mid ETF’s previous quarterly dividend of $0.0992. This represents a $0.52 annualized dividend and a yield of 1.0%.

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.