Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) Stock Price Breaks Above 50-Day Moving Average – Here’s Why

Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ – Get Free Report)’s share price passed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $53.57 and traded as high as $53.78. Invesco RAFI US 1500 Small-Mid ETF shares last traded at $53.70, with a volume of 98,794 shares changing hands.

Invesco RAFI US 1500 Small-Mid ETF Stock Performance

The stock has a 50-day simple moving average of $53.49 and a 200 day simple moving average of $51.41. The company has a market cap of $2.66 billion, a P/E ratio of 18.02 and a beta of 1.08.

Invesco RAFI US 1500 Small-Mid ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Monday, September 21st were paid a $0.1290 dividend. The ex-dividend date was Monday, September 21st. This is a positive change from Invesco RAFI US 1500 Small-Mid ETF’s previous quarterly dividend of $0.0992. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.0%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Barrett & Company Inc. acquired a new position in shares of Invesco RAFI US 1500 Small-Mid ETF in the 3rd quarter valued at $27,000. Allied Private Wealth LLC bought a new position in shares of Invesco RAFI US 1500 Small-Mid ETF during the 2nd quarter worth about $28,000. Balance Wealth Partners LLC acquired a new stake in shares of Invesco RAFI US 1500 Small-Mid ETF during the 3rd quarter valued at about $29,000. Morling Financial Advisors LLC acquired a new stake in shares of Invesco RAFI US 1500 Small-Mid ETF during the 3rd quarter valued at about $34,000. Finally, JNBA Financial Advisors acquired a new stake in shares of Invesco RAFI US 1500 Small-Mid ETF during the 2nd quarter valued at about $57,000.

About Invesco RAFI US 1500 Small-Mid ETF

(Get Free Report)

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.

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