Arbor Investment Advisors LLC Has $36.86 Million Holdings in Invesco RAFI US 1500 Small-Mid ETF $PRFZ

Arbor Investment Advisors LLC grew its holdings in shares of Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) by 2.5% in the first quarter, HoldingsChannel reports. The fund owned 803,591 shares of the company’s stock after purchasing an additional 19,510 shares during the quarter. Invesco RAFI US 1500 Small-Mid ETF makes up about 4.8% of Arbor Investment Advisors LLC’s portfolio, making the stock its 7th largest holding. Arbor Investment Advisors LLC’s holdings in Invesco RAFI US 1500 Small-Mid ETF were worth $36,861,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Revolve Wealth Partners LLC bought a new position in Invesco RAFI US 1500 Small-Mid ETF in the 4th quarter worth $518,000. CW Advisors LLC purchased a new position in shares of Invesco RAFI US 1500 Small-Mid ETF in the second quarter valued at about $283,000. Cerity Partners LLC boosted its stake in shares of Invesco RAFI US 1500 Small-Mid ETF by 0.9% in the second quarter. Cerity Partners LLC now owns 131,896 shares of the company’s stock worth $5,364,000 after acquiring an additional 1,197 shares during the period. Peapack Gladstone Financial Corp boosted its stake in shares of Invesco RAFI US 1500 Small-Mid ETF by 50.1% in the second quarter. Peapack Gladstone Financial Corp now owns 8,745 shares of the company’s stock worth $356,000 after acquiring an additional 2,920 shares during the period. Finally, Diversify Advisory Services LLC grew its position in shares of Invesco RAFI US 1500 Small-Mid ETF by 15.8% during the second quarter. Diversify Advisory Services LLC now owns 41,166 shares of the company’s stock worth $1,763,000 after purchasing an additional 5,613 shares in the last quarter.

Invesco RAFI US 1500 Small-Mid ETF Stock Performance

PRFZ stock opened at $55.09 on Monday. The company has a market capitalization of $2.85 billion, a PE ratio of 18.02 and a beta of 1.05. Invesco RAFI US 1500 Small-Mid ETF has a one year low of $40.27 and a one year high of $56.24. The company’s fifty day moving average price is $51.96 and its 200-day moving average price is $49.18.

Invesco RAFI US 1500 Small-Mid ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were issued a $0.0992 dividend. The ex-dividend date was Monday, June 22nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.7%.

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.