Sound Stewardship LLC Trims Holdings in Invesco FTSE RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ)

Sound Stewardship LLC decreased its holdings in Invesco FTSE RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) by 0.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 77,723 shares of the company’s stock after selling 475 shares during the quarter. Invesco FTSE RAFI US 1500 Small-Mid ETF comprises 1.8% of Sound Stewardship LLC’s investment portfolio, making the stock its 18th largest holding. Sound Stewardship LLC owned 0.13% of Invesco FTSE RAFI US 1500 Small-Mid ETF worth $2,964,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Advisory Inc. raised its position in Invesco FTSE RAFI US 1500 Small-Mid ETF by 4.4% during the 4th quarter. Charles Schwab Investment Advisory Inc. now owns 21,005,608 shares of the company’s stock worth $787,500,000 after buying an additional 877,406 shares during the last quarter. Cetera Investment Advisers purchased a new position in Invesco FTSE RAFI US 1500 Small-Mid ETF during the 1st quarter worth $16,003,000. First Foundation Advisors raised its position in Invesco FTSE RAFI US 1500 Small-Mid ETF by 53.1% during the 1st quarter. First Foundation Advisors now owns 844,240 shares of the company’s stock worth $33,162,000 after buying an additional 292,829 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Invesco FTSE RAFI US 1500 Small-Mid ETF by 11.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 1,172,108 shares of the company’s stock worth $46,040,000 after buying an additional 118,251 shares during the last quarter. Finally, Avantax Advisory Services Inc. raised its position in Invesco FTSE RAFI US 1500 Small-Mid ETF by 23.3% during the 4th quarter. Avantax Advisory Services Inc. now owns 267,149 shares of the company’s stock worth $10,015,000 after buying an additional 50,440 shares during the last quarter.

Invesco FTSE RAFI US 1500 Small-Mid ETF Stock Performance

Invesco FTSE RAFI US 1500 Small-Mid ETF stock traded up $1.24 during trading hours on Friday, reaching $41.29. 59,145 shares of the stock were exchanged, compared to its average volume of 107,270. The stock has a market cap of $2.53 billion, a P/E ratio of 2.78 and a beta of 1.17. 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 firm’s 50 day moving average is $39.21 and its 200 day moving average is $38.44.

Invesco FTSE RAFI US 1500 Small-Mid ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 24th were given a dividend of $0.1563 per share. The ex-dividend date of this dividend was Monday, June 24th. This represents a $0.63 dividend on an annualized basis and a yield of 1.51%. This is an increase from Invesco FTSE RAFI US 1500 Small-Mid ETF’s previous quarterly dividend of $0.09.

Invesco FTSE RAFI US 1500 Small-Mid ETF Company 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.