Brown Advisory Inc. Makes New Investment in Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ)

Brown Advisory Inc. acquired a new stake in shares of Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 7,415 shares of the company’s stock, valued at approximately $281,000.

A number of other institutional investors and hedge funds also recently modified their holdings of PRFZ. Silver Oak Securities Incorporated purchased a new stake in Invesco RAFI US 1500 Small-Mid ETF during the first quarter valued at about $269,000. D.A. Davidson & CO. increased its position in shares of Invesco RAFI US 1500 Small-Mid ETF by 13.4% in the first quarter. D.A. Davidson & CO. now owns 25,391 shares of the company’s stock worth $961,000 after acquiring an additional 2,999 shares in the last quarter. Arbor Investment Advisors LLC raised its holdings in shares of Invesco RAFI US 1500 Small-Mid ETF by 2.5% during the first quarter. Arbor Investment Advisors LLC now owns 884,992 shares of the company’s stock valued at $33,506,000 after acquiring an additional 21,330 shares during the period. Stonebridge Financial Group LLC lifted its position in shares of Invesco RAFI US 1500 Small-Mid ETF by 6.9% in the 1st quarter. Stonebridge Financial Group LLC now owns 670,623 shares of the company’s stock valued at $25,390,000 after acquiring an additional 43,065 shares in the last quarter. Finally, WealthBridge Capital Management LLC lifted its position in shares of Invesco RAFI US 1500 Small-Mid ETF by 1.1% in the 1st quarter. WealthBridge Capital Management LLC now owns 77,457 shares of the company’s stock valued at $2,933,000 after acquiring an additional 839 shares in the last quarter.

Invesco RAFI US 1500 Small-Mid ETF Stock Performance

NASDAQ PRFZ opened at $41.56 on Thursday. The firm’s 50 day moving average price is $40.13 and its two-hundred day moving average price is $39.73. Invesco RAFI US 1500 Small-Mid ETF has a twelve month low of $32.53 and a twelve month high of $45.80. The stock has a market cap of $2.40 billion, a price-to-earnings ratio of 18.02 and a beta of 1.17.

Invesco RAFI US 1500 Small-Mid ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Monday, June 23rd were given a $0.1052 dividend. The ex-dividend date was Monday, June 23rd. This represents a $0.42 annualized dividend and a dividend yield of 1.01%.

Invesco RAFI US 1500 Small-Mid ETF 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.