Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) Sets New 52-Week High – Here’s What Happened

Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $49.49 and last traded at $49.23, with a volume of 115357 shares changing hands. The stock had previously closed at $48.30.

Invesco RAFI US 1500 Small-Mid ETF Trading Up 2.2%

The company has a market cap of $2.78 billion, a P/E ratio of 18.02 and a beta of 1.11. The company’s 50-day moving average price is $46.51 and its two-hundred day moving average price is $44.97.

Invesco RAFI US 1500 Small-Mid ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were paid a dividend of $0.1144 per share. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $0.46 annualized dividend and a yield of 0.9%.

Institutional Investors Weigh In On Invesco RAFI US 1500 Small-Mid ETF

Hedge funds have recently made changes to their positions in the company. Howe & Rusling Inc. boosted its position in Invesco RAFI US 1500 Small-Mid ETF by 72.6% during the 3rd quarter. Howe & Rusling Inc. now owns 725 shares of the company’s stock worth $33,000 after acquiring an additional 305 shares during the period. Blue Trust Inc. bought a new stake in shares of Invesco RAFI US 1500 Small-Mid ETF in the third quarter valued at about $53,000. Private Trust Co. NA raised its holdings in Invesco RAFI US 1500 Small-Mid ETF by 33.0% in the 2nd quarter. Private Trust Co. NA now owns 1,323 shares of the company’s stock valued at $54,000 after acquiring an additional 328 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in Invesco RAFI US 1500 Small-Mid ETF by 61.3% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,574 shares of the company’s stock valued at $64,000 after buying an additional 598 shares during the period. Finally, Harbor Asset Planning Inc. acquired a new stake in Invesco RAFI US 1500 Small-Mid ETF during the second quarter valued at approximately $65,000.

About Invesco 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.