Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) Hits New 52-Week High – Time to Buy?

Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) reached a new 52-week high during trading on Tuesday . The stock traded as high as $55.25 and last traded at $55.24, with a volume of 93083 shares traded. The stock had previously closed at $54.78.

Invesco RAFI US 1500 Small-Mid ETF Stock Down 0.2%

The firm’s 50 day simple moving average is $51.77 and its 200 day simple moving average is $49.06. The company has a market cap of $3.17 billion, a price-to-earnings ratio of 18.02 and a beta of 1.07.

Invesco RAFI US 1500 Small-Mid ETF Announces Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of PRFZ. Clearstead Trust LLC acquired a new position in Invesco RAFI US 1500 Small-Mid ETF during the 4th quarter valued at about $45,000. Howe & Rusling Inc. lifted its stake in shares of Invesco RAFI US 1500 Small-Mid ETF by 42.1% in the 4th quarter. Howe & Rusling Inc. now owns 1,030 shares of the company’s stock worth $47,000 after acquiring an additional 305 shares during the period. Palisade Asset Management LLC bought a new position in shares of Invesco RAFI US 1500 Small-Mid ETF in the third quarter valued at approximately $69,000. Geneos Wealth Management Inc. increased its stake in shares of Invesco RAFI US 1500 Small-Mid ETF by 47.7% during the second quarter. Geneos Wealth Management Inc. now owns 1,799 shares of the company’s stock valued at $73,000 after acquiring an additional 581 shares during the period. Finally, Sunbelt Securities Inc. increased its stake in shares of Invesco RAFI US 1500 Small-Mid ETF by 20.8% during the third quarter. Sunbelt Securities Inc. now owns 1,727 shares of the company’s stock valued at $78,000 after acquiring an additional 297 shares during the period.

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.