Janney Montgomery Scott LLC Cuts Stock Holdings in Invesco RAFI US 1500 Small-Mid ETF $PRFZ

Janney Montgomery Scott LLC reduced its stake in shares of Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) by 3.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,795 shares of the company’s stock after selling 278 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Invesco RAFI US 1500 Small-Mid ETF were worth $317,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its position in Invesco RAFI US 1500 Small-Mid ETF by 6.5% during the 1st 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. grew its holdings in shares of Invesco RAFI US 1500 Small-Mid ETF by 1.2% in the first 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 raised its holdings in Invesco RAFI US 1500 Small-Mid ETF by 2.5% during the 1st quarter. Arbor Investment Advisors LLC now owns 884,992 shares of the company’s stock valued at $33,506,000 after buying an additional 21,330 shares during the last quarter. Royal Bank of Canada raised its holdings in 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 valued at $27,550,000 after buying an additional 36,502 shares during the last quarter. Finally, Stonebridge Financial Group LLC boosted its position in Invesco RAFI US 1500 Small-Mid ETF by 6.9% during the 1st quarter. Stonebridge Financial Group LLC now owns 670,623 shares of the company’s stock valued at $25,390,000 after buying an additional 43,065 shares during the period.

Invesco RAFI US 1500 Small-Mid ETF Trading Down 0.4%

Shares of NASDAQ:PRFZ opened at $45.01 on Monday. The company has a 50-day moving average price of $44.79 and a 200-day moving average price of $41.18. The company has a market cap of $2.54 billion, a price-to-earnings ratio of 18.02 and a beta of 1.17. Invesco RAFI US 1500 Small-Mid ETF has a 12 month low of $32.53 and a 12 month 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 issued a dividend of $0.115 per share. This is a boost from Invesco RAFI US 1500 Small-Mid ETF’s previous quarterly dividend of $0.11. This represents a $0.46 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Monday, September 22nd.

Invesco RAFI US 1500 Small-Mid ETF Company Profile

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.