Parallel Advisors LLC Acquires New Shares in Invesco RAFI US 1500 Small-Mid ETF $PRFZ

Parallel Advisors LLC purchased a new stake in Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 19,173 shares of the company’s stock, valued at approximately $1,003,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Citadel Advisors LLC bought a new stake in Invesco RAFI US 1500 Small-Mid ETF in the 2nd quarter valued at about $1,909,000. Cetera Investment Advisers increased its holdings in shares of Invesco RAFI US 1500 Small-Mid ETF by 3.6% during the first quarter. Cetera Investment Advisers now owns 1,031,218 shares of the company’s stock worth $47,302,000 after purchasing an additional 35,362 shares during the period. Market Street Wealth Management Advisors LLC bought a new position in shares of Invesco RAFI US 1500 Small-Mid ETF during the third quarter worth approximately $705,000. Legacy Private Trust Co. bought a new position in shares of Invesco RAFI US 1500 Small-Mid ETF during the third quarter worth approximately $2,726,000. Finally, Dynamic Advisor Solutions LLC raised its position in shares of Invesco RAFI US 1500 Small-Mid ETF by 9.4% in the second quarter. Dynamic Advisor Solutions LLC now owns 161,405 shares of the company’s stock valued at $9,002,000 after buying an additional 13,861 shares in the last quarter.

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

Shares of PRFZ stock opened at $53.11 on Wednesday. The stock has a market cap of $2.66 billion, a P/E ratio of 19.36 and a beta of 1.09. Invesco RAFI US 1500 Small-Mid ETF has a 1 year low of $42.73 and a 1 year high of $56.84. The stock has a 50 day simple moving average of $53.13 and a 200 day simple moving average of $51.55.

Invesco RAFI US 1500 Small-Mid ETF Increases Dividend

The firm also recently announced 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 a positive change 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%.

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.