Beacon Pointe Advisors LLC Sells 2,241 Shares of Invesco FTSE RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ)

Beacon Pointe Advisors LLC cut its stake in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) by 27.2% in the fourth quarter, Holdings Channel reports. The fund owned 5,987 shares of the company’s stock after selling 2,241 shares during the period. Beacon Pointe Advisors LLC’s holdings in Invesco FTSE RAFI US 1500 Small-Mid ETF were worth $224,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PRFZ. WealthShield Partners LLC increased its stake in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF by 2.4% in the fourth quarter. WealthShield Partners LLC now owns 11,510 shares of the company’s stock valued at $432,000 after buying an additional 275 shares in the last quarter. FAS Wealth Partners Inc. increased its stake in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF by 4.5% in the fourth quarter. FAS Wealth Partners Inc. now owns 7,104 shares of the company’s stock valued at $266,000 after buying an additional 304 shares in the last quarter. PFG Advisors increased its stake in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF by 1.0% in the fourth quarter. PFG Advisors now owns 31,670 shares of the company’s stock valued at $1,187,000 after buying an additional 329 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF by 2.8% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 14,390 shares of the company’s stock valued at $539,000 after buying an additional 390 shares in the last quarter. Finally, Valeo Financial Advisors LLC increased its stake in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF by 8.4% in the fourth quarter. Valeo Financial Advisors LLC now owns 7,797 shares of the company’s stock valued at $292,000 after buying an additional 604 shares in the last quarter.

Invesco FTSE RAFI US 1500 Small-Mid ETF Stock Performance

Shares of NASDAQ:PRFZ opened at $38.88 on Monday. Invesco FTSE RAFI US 1500 Small-Mid ETF has a twelve month low of $30.29 and a twelve month high of $39.82. The firm has a market cap of $2.38 billion, a PE ratio of 2.78 and a beta of 1.17. The business has a fifty day moving average of $38.18 and a 200-day moving average of $36.90.

Invesco FTSE RAFI US 1500 Small-Mid ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Tuesday, March 19th were paid a $0.0861 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 0.89%.

About Invesco FTSE 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.