Russell Investments Group Ltd. Takes $87,000 Position in Invesco RAFI US 1500 Small-Mid ETF $PRFZ

Russell Investments Group Ltd. purchased a new stake in Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,300 shares of the company’s stock, valued at approximately $87,000.

A number of other institutional investors and hedge funds also recently modified their holdings of PRFZ. Revolve Wealth Partners LLC bought a new stake in shares of Invesco RAFI US 1500 Small-Mid ETF in the 4th quarter valued at about $518,000. Stifel Financial Corp increased its stake in shares of Invesco RAFI US 1500 Small-Mid ETF by 7.8% in the 4th quarter. Stifel Financial Corp now owns 8,163 shares of the company’s stock valued at $340,000 after acquiring an additional 594 shares during the last quarter. Northern Trust Corp increased its stake in shares of Invesco RAFI US 1500 Small-Mid ETF by 2.9% in the 4th quarter. Northern Trust Corp now owns 9,555 shares of the company’s stock valued at $398,000 after acquiring an additional 270 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Invesco RAFI US 1500 Small-Mid ETF by 2.2% in the 4th quarter. Bank of America Corp DE now owns 2,611,574 shares of the company’s stock valued at $108,668,000 after acquiring an additional 57,183 shares during the last quarter. Finally, CoreCap Advisors LLC increased its stake in shares of Invesco RAFI US 1500 Small-Mid ETF by 23.7% in the 4th quarter. CoreCap Advisors LLC now owns 2,635 shares of the company’s stock valued at $110,000 after acquiring an additional 505 shares during the last quarter.

Invesco RAFI US 1500 Small-Mid ETF Price Performance

Shares of PRFZ stock opened at $44.38 on Thursday. The stock has a market cap of $2.54 billion, a PE ratio of 18.02 and a beta of 1.17. The stock has a 50-day moving average of $42.46 and a 200-day moving average of $39.83. Invesco RAFI US 1500 Small-Mid ETF has a one year low of $32.53 and a one year high of $45.80.

Invesco RAFI US 1500 Small-Mid ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Monday, June 23rd were paid a dividend of $0.1052 per share. This represents a $0.42 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Monday, June 23rd.

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.