Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) Sets New 12-Month High – Here’s Why

Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $52.51 and last traded at $52.45, with a volume of 84110 shares traded. The stock had previously closed at $51.08.

Invesco RAFI US 1500 Small-Mid ETF Price Performance

The company’s 50 day simple moving average is $50.31 and its 200 day simple moving average is $48.36. The firm has a market cap of $3.01 billion, a price-to-earnings ratio of 18.02 and a beta of 1.07.

Invesco RAFI US 1500 Small-Mid ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a $0.1017 dividend. The ex-dividend date was Monday, March 23rd. This represents a $0.41 annualized dividend and a dividend yield of 0.8%.

Hedge Funds Weigh In On Invesco RAFI US 1500 Small-Mid ETF

Several institutional investors have recently modified their holdings of the business. Bank of America Corp DE grew its stake in shares of Invesco RAFI US 1500 Small-Mid ETF by 14.9% in the first quarter. Bank of America Corp DE now owns 2,858,934 shares of the company’s stock worth $131,139,000 after acquiring an additional 370,099 shares in the last quarter. LPL Financial LLC grew its stake in shares of Invesco RAFI US 1500 Small-Mid ETF by 9.4% in the fourth quarter. LPL Financial LLC now owns 1,332,004 shares of the company’s stock worth $61,126,000 after acquiring an additional 114,759 shares in the last quarter. Raymond James Financial Inc. grew its stake in shares of Invesco RAFI US 1500 Small-Mid ETF by 1.3% in the second quarter. Raymond James Financial Inc. now owns 1,034,412 shares of the company’s stock worth $42,070,000 after acquiring an additional 13,062 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of Invesco RAFI US 1500 Small-Mid ETF by 3.6% in the first quarter. Cetera Investment Advisers now owns 1,031,218 shares of the company’s stock worth $47,302,000 after acquiring an additional 35,362 shares in the last quarter. Finally, Arbor Investment Advisors LLC grew its stake in shares of Invesco RAFI US 1500 Small-Mid ETF by 2.5% in the first quarter. Arbor Investment Advisors LLC now owns 803,591 shares of the company’s stock worth $36,861,000 after acquiring an additional 19,510 shares in the last quarter.

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.