Invesco RAFI US 1500 Small-Mid ETF $PRFZ is Johnson & White Wealth Management LLC’s 2nd Largest Position

Johnson & White Wealth Management LLC lifted its position in Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) by 7.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 254,833 shares of the company’s stock after purchasing an additional 17,523 shares during the period. Invesco RAFI US 1500 Small-Mid ETF comprises 5.1% of Johnson & White Wealth Management LLC’s portfolio, making the stock its 2nd largest holding. Johnson & White Wealth Management LLC owned approximately 0.46% of Invesco RAFI US 1500 Small-Mid ETF worth $11,694,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PRFZ. Invesco Ltd. boosted its position in shares of Invesco RAFI US 1500 Small-Mid ETF by 29.1% during the third quarter. Invesco Ltd. now owns 456,331 shares of the company’s stock worth $20,727,000 after acquiring an additional 102,983 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Invesco RAFI US 1500 Small-Mid ETF by 18.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 579,102 shares of the company’s stock worth $27,536,000 after acquiring an additional 89,411 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Invesco RAFI US 1500 Small-Mid ETF by 164.7% during the third quarter. JPMorgan Chase & Co. now owns 128,893 shares of the company’s stock worth $5,854,000 after acquiring an additional 80,199 shares during the last quarter. Modern Wealth Management LLC bought a new position in shares of Invesco RAFI US 1500 Small-Mid ETF during the second quarter worth $2,157,000. Finally, Torren Management LLC bought a new position in shares of Invesco RAFI US 1500 Small-Mid ETF during the fourth quarter worth $1,757,000.

Invesco RAFI US 1500 Small-Mid ETF Stock Performance

Shares of NASDAQ:PRFZ opened at $50.53 on Friday. The firm has a fifty day moving average price of $48.12 and a 200 day moving average price of $47.41. Invesco RAFI US 1500 Small-Mid ETF has a fifty-two week low of $37.88 and a fifty-two week high of $51.87. The firm has a market cap of $2.87 billion, a price-to-earnings ratio of 18.02 and a beta of 1.07.

Invesco RAFI US 1500 Small-Mid ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were given a dividend of $0.1017 per share. The ex-dividend date was Monday, March 23rd. This represents a $0.41 dividend on an annualized basis and a dividend yield of 0.8%.

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.