Tower Research Capital LLC TRC Invests $31,000 in Invesco FTSE RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ)

Tower Research Capital LLC TRC acquired a new stake in Invesco FTSE RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 832 shares of the company’s stock, valued at approximately $31,000.

Several other hedge funds have also recently added to or reduced their stakes in PRFZ. CWM LLC increased its position in Invesco FTSE RAFI US 1500 Small-Mid ETF by 400.0% during the third quarter. CWM LLC now owns 1,175 shares of the company’s stock worth $39,000 after buying an additional 940 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in Invesco FTSE RAFI US 1500 Small-Mid ETF by 410.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 285,615 shares of the company’s stock valued at $9,422,000 after purchasing an additional 229,612 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in Invesco FTSE RAFI US 1500 Small-Mid ETF by 350.5% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 13,209 shares of the company’s stock valued at $436,000 after purchasing an additional 10,277 shares in the last quarter. Raymond James & Associates boosted its stake in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF by 404.1% during the 3rd quarter. Raymond James & Associates now owns 992,792 shares of the company’s stock worth $32,752,000 after purchasing an additional 795,848 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF by 400.6% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 122,673 shares of the company’s stock worth $4,047,000 after buying an additional 98,166 shares in the last quarter.

Invesco FTSE RAFI US 1500 Small-Mid ETF Stock Up 0.8 %

Shares of NASDAQ:PRFZ traded up $0.32 during trading on Friday, reaching $38.07. The stock had a trading volume of 46,284 shares, compared to its average volume of 131,199. The stock has a market cap of $2.33 billion, a P/E ratio of 2.62 and a beta of 1.17. The business has a fifty day moving average price of $37.89 and a 200-day moving average price of $36.03. Invesco FTSE RAFI US 1500 Small-Mid ETF has a fifty-two week low of $30.29 and a fifty-two week high of $39.52.

Invesco FTSE RAFI US 1500 Small-Mid ETF Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Tuesday, March 19th were given a $0.0861 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.34 annualized dividend and a dividend yield of 0.90%.

Invesco FTSE 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.