Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) Reaches New 1-Year High – What’s Next?

Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) reached a new 52-week high on Tuesday . The company traded as high as $51.93 and last traded at $51.93, with a volume of 8612 shares. The stock had previously closed at $51.18.

Invesco RAFI US 1500 Small-Mid ETF Stock Performance

The stock has a market cap of $2.97 billion, a PE ratio of 18.02 and a beta of 1.07. The stock has a fifty day simple moving average of $48.83 and a two-hundred day simple moving average of $47.75.

Invesco RAFI US 1500 Small-Mid ETF Cuts Dividend

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

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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. CIBC Private Wealth Group LLC boosted its holdings in Invesco RAFI US 1500 Small-Mid ETF by 3.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 6,604 shares of the company’s stock worth $303,000 after acquiring an additional 214 shares during the period. RiverFront Investment Group LLC boosted its stake in shares of Invesco RAFI US 1500 Small-Mid ETF by 1.8% during the 4th quarter. RiverFront Investment Group LLC now owns 12,599 shares of the company’s stock valued at $578,000 after buying an additional 220 shares during the last quarter. Blair William & Co. IL boosted its stake in shares of Invesco RAFI US 1500 Small-Mid ETF by 3.6% during the 4th quarter. Blair William & Co. IL now owns 7,122 shares of the company’s stock valued at $327,000 after buying an additional 250 shares during the last quarter. Moneta Group Investment Advisors LLC boosted its stake in shares of Invesco RAFI US 1500 Small-Mid ETF by 3.9% during the 3rd quarter. Moneta Group Investment Advisors LLC now owns 6,715 shares of the company’s stock valued at $305,000 after buying an additional 254 shares during the last quarter. Finally, Corient Private Wealth LLC boosted its stake in shares of Invesco RAFI US 1500 Small-Mid ETF by 1.4% during the 2nd quarter. Corient Private Wealth LLC now owns 20,614 shares of the company’s stock valued at $838,000 after buying an additional 276 shares during the last quarter.

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.