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

Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ)’s stock price passed below its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $53.13 and traded as low as $52.65. Invesco RAFI US 1500 Small-Mid ETF shares last traded at $53.11, with a volume of 97,531 shares traded.

Invesco RAFI US 1500 Small-Mid ETF Stock Performance

The firm has a market capitalization of $2.67 billion, a P/E ratio of 19.36 and a beta of 1.09. The firm’s 50-day moving average is $53.13 and its 200 day moving average is $51.55.

Invesco RAFI US 1500 Small-Mid ETF Increases Dividend

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

Institutional Trading of Invesco RAFI US 1500 Small-Mid ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Bank of America Corp DE raised its stake in shares of Invesco RAFI US 1500 Small-Mid ETF by 14.9% in the 1st quarter. Bank of America Corp DE now owns 2,858,934 shares of the company’s stock valued at $131,139,000 after purchasing an additional 370,099 shares during the period. Cetera Investment Advisers boosted its position in shares of Invesco RAFI US 1500 Small-Mid ETF by 3.6% during the first quarter. Cetera Investment Advisers now owns 1,031,218 shares of the company’s stock worth $47,302,000 after buying an additional 35,362 shares during the period. Sanctuary Advisors LLC boosted its position in shares of Invesco RAFI US 1500 Small-Mid ETF by 6.9% during the first quarter. Sanctuary Advisors LLC now owns 278,140 shares of the company’s stock worth $12,758,000 after buying an additional 17,959 shares during the period. Three Bridge Wealth Advisors LLC boosted its position in shares of Invesco RAFI US 1500 Small-Mid ETF by 0.7% during the third quarter. Three Bridge Wealth Advisors LLC now owns 263,550 shares of the company’s stock worth $13,792,000 after buying an additional 1,918 shares during the period. Finally, AlphaCore Capital LLC bought a new position in shares of Invesco RAFI US 1500 Small-Mid ETF during the third quarter worth about $12,104,000.

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.