Diversify Wealth Management LLC Invests $2.50 Million in Invesco RAFI US 1500 Small-Mid ETF $PRFZ

Diversify Wealth Management LLC acquired a new position in Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) in the first quarter, Holdings Channel.com reports. The firm acquired 50,415 shares of the company’s stock, valued at approximately $2,501,000.

Several other institutional investors have also recently modified their holdings of PRFZ. Fifth Third Bancorp purchased a new stake in Invesco RAFI US 1500 Small-Mid ETF in the first quarter worth approximately $242,000. Flatrock Wealth Partners LLC purchased a new position in shares of Invesco RAFI US 1500 Small-Mid ETF during the first quarter worth approximately $382,000. Resonant Capital Advisors LLC raised its stake in shares of Invesco RAFI US 1500 Small-Mid ETF by 1.6% during the first quarter. Resonant Capital Advisors LLC now owns 30,390 shares of the company’s stock worth $1,394,000 after acquiring an additional 474 shares in the last quarter. Advance Capital Management Inc. raised its stake in shares of Invesco RAFI US 1500 Small-Mid ETF by 2.9% during the first quarter. Advance Capital Management Inc. now owns 17,172 shares of the company’s stock worth $788,000 after acquiring an additional 492 shares in the last quarter. Finally, Arbor Investment Advisors LLC lifted its holdings in shares of Invesco RAFI US 1500 Small-Mid ETF by 2.5% in the 1st quarter. Arbor Investment Advisors LLC now owns 803,591 shares of the company’s stock worth $36,861,000 after acquiring an additional 19,510 shares during the last quarter.

Invesco RAFI US 1500 Small-Mid ETF Stock Performance

Shares of Invesco RAFI US 1500 Small-Mid ETF stock opened at $54.19 on Tuesday. Invesco RAFI US 1500 Small-Mid ETF has a 52-week low of $40.27 and a 52-week high of $56.24. The stock has a market capitalization of $2.78 billion, a price-to-earnings ratio of 18.02 and a beta of 1.05. The company has a fifty day moving average of $52.49 and a 200-day moving average of $49.51.

Invesco RAFI US 1500 Small-Mid ETF Announces Dividend

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

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.