Invesco FTSE RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) Position Cut by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. trimmed its holdings in Invesco FTSE RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) by 2.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 19,684,630 shares of the company’s stock after selling 457,558 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.32% of Invesco FTSE RAFI US 1500 Small-Mid ETF worth $819,077,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Farther Finance Advisors LLC bought a new position in Invesco FTSE RAFI US 1500 Small-Mid ETF in the 3rd quarter worth approximately $27,000. Private Trust Co. NA grew its holdings in Invesco FTSE RAFI US 1500 Small-Mid ETF by 73.0% in the 3rd quarter. Private Trust Co. NA now owns 995 shares of the company’s stock worth $41,000 after buying an additional 420 shares in the last quarter. Oak Harbor Wealth Partners LLC bought a new position in Invesco FTSE RAFI US 1500 Small-Mid ETF in the 3rd quarter worth approximately $57,000. Decker Retirement Planning Inc. bought a new position in Invesco FTSE RAFI US 1500 Small-Mid ETF in the 4th quarter worth approximately $61,000. Finally, Tanglewood Legacy Advisors LLC bought a new position in Invesco FTSE RAFI US 1500 Small-Mid ETF in the 4th quarter worth approximately $91,000.

Invesco FTSE RAFI US 1500 Small-Mid ETF Price Performance

Shares of PRFZ stock opened at $39.75 on Tuesday. The firm has a market capitalization of $2.45 billion, a price-to-earnings ratio of 17.60 and a beta of 1.17. Invesco FTSE RAFI US 1500 Small-Mid ETF has a 12-month low of $36.12 and a 12-month high of $45.80. The business has a 50 day simple moving average of $42.23 and a 200 day simple moving average of $42.16.

Invesco FTSE RAFI US 1500 Small-Mid ETF Announces Dividend

The company also recently announced a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were given a $0.2305 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

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.