Charles Schwab Investment Management Inc. Sells 462,935 Shares of Invesco FTSE RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ)

Charles Schwab Investment Management Inc. trimmed its holdings in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) by 2.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,142,188 shares of the company’s stock after selling 462,935 shares during the period. Charles Schwab Investment Management Inc. owned about 0.33% of Invesco FTSE RAFI US 1500 Small-Mid ETF worth $836,908,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Brighton Jones LLC grew its position in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF by 1.2% in the 3rd quarter. Brighton Jones LLC now owns 25,232 shares of the company’s stock valued at $1,048,000 after acquiring an additional 297 shares during the period. Boston Standard Wealth Management LLC grew its holdings in Invesco FTSE RAFI US 1500 Small-Mid ETF by 0.9% during the second quarter. Boston Standard Wealth Management LLC now owns 41,251 shares of the company’s stock worth $1,573,000 after purchasing an additional 349 shares during the period. Sequoia Financial Advisors LLC grew its holdings in Invesco FTSE RAFI US 1500 Small-Mid ETF by 3.4% during the third quarter. Sequoia Financial Advisors LLC now owns 10,925 shares of the company’s stock worth $454,000 after purchasing an additional 360 shares during the period. Larson Financial Group LLC increased its position in Invesco FTSE RAFI US 1500 Small-Mid ETF by 4.2% during the second quarter. Larson Financial Group LLC now owns 9,072 shares of the company’s stock worth $346,000 after buying an additional 365 shares during the last quarter. Finally, Private Advisor Group LLC raised its stake in Invesco FTSE RAFI US 1500 Small-Mid ETF by 1.0% in the third quarter. Private Advisor Group LLC now owns 42,639 shares of the company’s stock valued at $1,772,000 after buying an additional 438 shares during the period.

Invesco FTSE RAFI US 1500 Small-Mid ETF Stock Up 0.6 %

Shares of NASDAQ PRFZ traded up $0.27 during midday trading on Thursday, hitting $43.54. 1,298 shares of the company’s stock were exchanged, compared to its average volume of 99,582. The firm has a market capitalization of $2.68 billion, a PE ratio of 2.78 and a beta of 1.17. Invesco FTSE RAFI US 1500 Small-Mid ETF has a 12 month low of $33.18 and a 12 month high of $44.99. The company’s 50 day moving average price is $41.89 and its 200 day moving average price is $40.16.

Invesco FTSE RAFI US 1500 Small-Mid ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were given a dividend of $0.131 per share. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $0.52 dividend on an annualized basis and a yield of 1.20%.

About Invesco FTSE RAFI US 1500 Small-Mid ETF

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.