Avidian Wealth Enterprises LLC Takes $202,000 Position in Invesco RAFI US 1500 Small-Mid ETF $PRFZ

Avidian Wealth Enterprises LLC purchased a new position in Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,961 shares of the company’s stock, valued at approximately $202,000.

A number of other institutional investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its stake 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 worth $793,521,000 after acquiring an additional 1,274,728 shares during the last quarter. Raymond James Financial Inc. lifted its position in shares of Invesco RAFI US 1500 Small-Mid ETF by 1.2% during the 1st quarter. Raymond James Financial Inc. now owns 1,021,350 shares of the company’s stock worth $38,668,000 after purchasing an additional 11,897 shares during the last quarter. Arbor Investment Advisors LLC lifted its position in shares of Invesco RAFI US 1500 Small-Mid ETF by 1.6% during the 2nd quarter. Arbor Investment Advisors LLC now owns 898,927 shares of the company’s stock worth $36,559,000 after purchasing an additional 13,935 shares during the last quarter. Royal Bank of Canada lifted its position in shares of Invesco RAFI US 1500 Small-Mid ETF by 5.3% during the 1st quarter. Royal Bank of Canada now owns 727,681 shares of the company’s stock worth $27,550,000 after purchasing an additional 36,502 shares during the last quarter. Finally, Stonebridge Financial Group LLC lifted its holdings in Invesco RAFI US 1500 Small-Mid ETF by 1.8% during the 2nd quarter. Stonebridge Financial Group LLC now owns 682,516 shares of the company’s stock worth $27,758,000 after buying an additional 11,893 shares during the last quarter.

Invesco RAFI US 1500 Small-Mid ETF Price Performance

Shares of NASDAQ PRFZ opened at $45.99 on Friday. The company has a market capitalization of $2.60 billion, a price-to-earnings ratio of 18.02 and a beta of 1.17. The business has a 50-day moving average of $45.03 and a two-hundred day moving average of $41.40. Invesco RAFI US 1500 Small-Mid ETF has a 1 year low of $32.53 and a 1 year high of $46.47.

Invesco RAFI US 1500 Small-Mid ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Monday, September 22nd were paid a dividend of $0.115 per share. The ex-dividend date was Monday, September 22nd. This is a positive change from Invesco RAFI US 1500 Small-Mid ETF’s previous quarterly dividend of $0.11. This represents a $0.46 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.