WealthBridge Capital Management LLC Makes New $4.48 Million Investment in Invesco RAFI US 1500 Small-Mid ETF $PRFZ

WealthBridge Capital Management LLC acquired a new stake in Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 85,663 shares of the company’s stock, valued at approximately $4,483,000. Invesco RAFI US 1500 Small-Mid ETF accounts for approximately 0.9% of WealthBridge Capital Management LLC’s investment portfolio, making the stock its 25th largest position. WealthBridge Capital Management LLC owned approximately 0.17% of Invesco RAFI US 1500 Small-Mid ETF at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in PRFZ. Citadel Advisors LLC acquired a new stake in Invesco RAFI US 1500 Small-Mid ETF during the second quarter worth about $1,909,000. Cetera Investment Advisers lifted its stake in Invesco RAFI US 1500 Small-Mid ETF by 3.6% in the 1st quarter. Cetera Investment Advisers now owns 1,031,218 shares of the company’s stock valued at $47,302,000 after buying an additional 35,362 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of Invesco RAFI US 1500 Small-Mid ETF by 102.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 36,424 shares of the company’s stock valued at $1,672,000 after acquiring an additional 18,407 shares in the last quarter. Dynamic Advisor Solutions LLC boosted its stake in Invesco RAFI US 1500 Small-Mid ETF by 9.4% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 161,405 shares of the company’s stock worth $9,002,000 after purchasing an additional 13,861 shares during the last quarter. Finally, Diversify Wealth Management LLC acquired a new position in Invesco RAFI US 1500 Small-Mid ETF during the first quarter worth about $2,501,000.

Invesco RAFI US 1500 Small-Mid ETF Stock Performance

Shares of PRFZ stock traded down $0.91 during trading hours on Friday, reaching $51.73. The company had a trading volume of 63,410 shares, compared to its average volume of 127,724. The stock has a fifty day moving average of $54.08 and a 200-day moving average of $52.64. The company has a market capitalization of $2.60 billion, a price-to-earnings ratio of 18.02 and a beta of 1.08. Invesco RAFI US 1500 Small-Mid ETF has a 12-month low of $42.73 and a 12-month high of $56.84.

Invesco RAFI US 1500 Small-Mid ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Monday, September 21st were given a dividend of $0.1290 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Monday, September 21st. This is a boost from Invesco RAFI US 1500 Small-Mid ETF’s previous quarterly dividend of $0.0992.

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.