Envestnet Asset Management Inc. Sells 27,194 Shares of Invesco RAFI US 1500 Small-Mid ETF $PRFZ

Envestnet Asset Management Inc. cut its holdings in Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) by 28.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 67,593 shares of the company’s stock after selling 27,194 shares during the period. Envestnet Asset Management Inc. owned approximately 0.12% of Invesco RAFI US 1500 Small-Mid ETF worth $3,070,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its holdings in shares of Invesco RAFI US 1500 Small-Mid ETF by 53.5% in the third quarter. Jones Financial Companies Lllp now owns 48,280 shares of the company’s stock worth $2,196,000 after buying an additional 16,819 shares during the period. Thrivent Financial for Lutherans bought a new position in Invesco RAFI US 1500 Small-Mid ETF during the 3rd quarter worth approximately $206,000. Root Financial Partners LLC purchased a new position in Invesco RAFI US 1500 Small-Mid ETF in the 3rd quarter worth approximately $151,000. Wealth Enhancement Advisory Services LLC lifted its position in Invesco RAFI US 1500 Small-Mid ETF by 3.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 489,691 shares of the company’s stock valued at $22,238,000 after purchasing an additional 18,135 shares during the last quarter. Finally, Sequoia Financial Advisors LLC lifted its position in Invesco RAFI US 1500 Small-Mid ETF by 42.0% in the third quarter. Sequoia Financial Advisors LLC now owns 23,086 shares of the company’s stock valued at $1,049,000 after purchasing an additional 6,825 shares during the last quarter.

Invesco RAFI US 1500 Small-Mid ETF Stock Performance

Shares of Invesco RAFI US 1500 Small-Mid ETF stock opened at $48.71 on Thursday. Invesco RAFI US 1500 Small-Mid ETF has a 52-week low of $32.53 and a 52-week high of $50.09. The stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of 18.02 and a beta of 1.11. The company’s 50 day moving average price is $48.00 and its 200-day moving average price is $46.16.

Invesco RAFI US 1500 Small-Mid ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were issued a $0.1144 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Monday, December 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.