First Foundation Advisors Boosts Stock Position in Invesco FTSE RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ)

First Foundation Advisors lifted its stake in Invesco FTSE RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) by 21.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,027,074 shares of the company’s stock after purchasing an additional 182,834 shares during the quarter. Invesco FTSE RAFI US 1500 Small-Mid ETF comprises about 1.5% of First Foundation Advisors’ holdings, making the stock its 12th largest holding. First Foundation Advisors’ holdings in Invesco FTSE RAFI US 1500 Small-Mid ETF were worth $39,173,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wealthspire Advisors LLC purchased a new position in Invesco FTSE RAFI US 1500 Small-Mid ETF in the fourth quarter worth approximately $250,000. Principal Securities Inc. purchased a new position in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF during the 4th quarter worth $105,000. NBC Securities Inc. acquired a new stake in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF during the 4th quarter worth about $41,000. Avantax Advisory Services Inc. raised its holdings in Invesco FTSE RAFI US 1500 Small-Mid ETF by 23.3% in the 4th quarter. Avantax Advisory Services Inc. now owns 267,149 shares of the company’s stock valued at $10,015,000 after buying an additional 50,440 shares during the period. Finally, OMNI 360 Wealth Inc. acquired a new position in Invesco FTSE RAFI US 1500 Small-Mid ETF in the fourth quarter valued at about $844,000.

Invesco FTSE RAFI US 1500 Small-Mid ETF Price Performance

Shares of PRFZ opened at $39.17 on Monday. The firm has a 50-day simple moving average of $39.85 and a two-hundred day simple moving average of $38.74. The stock has a market cap of $2.40 billion, a PE ratio of 2.78 and a beta of 1.17. Invesco FTSE RAFI US 1500 Small-Mid ETF has a 1-year low of $30.29 and a 1-year high of $42.64.

Invesco FTSE RAFI US 1500 Small-Mid ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 24th were issued a $0.1563 dividend. This represents a $0.63 annualized dividend and a yield of 1.60%. The ex-dividend date was Monday, June 24th. This is an increase from Invesco FTSE RAFI US 1500 Small-Mid ETF’s previous quarterly dividend of $0.09.

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.