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

Invesco FTSE RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ)’s stock price hit a new 52-week high on Monday . The stock traded as high as $45.37 and last traded at $45.29, with a volume of 8387 shares traded. The stock had previously closed at $44.70.

Invesco FTSE RAFI US 1500 Small-Mid ETF Stock Up 1.5 %

The business has a 50-day moving average price of $42.05 and a 200-day moving average price of $40.26. The firm has a market capitalization of $2.80 billion, a P/E ratio of 2.78 and a beta of 1.17.

Invesco FTSE RAFI US 1500 Small-Mid ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were paid a $0.131 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend was Monday, September 23rd.

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

A number of hedge funds have recently modified their holdings of PRFZ. Cetera Investment Advisers acquired a new stake in Invesco FTSE RAFI US 1500 Small-Mid ETF in the 1st quarter valued at about $16,003,000. WCG Wealth Advisors LLC acquired a new stake in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF in the second quarter valued at approximately $7,670,000. First Foundation Advisors raised its position in Invesco FTSE RAFI US 1500 Small-Mid ETF by 21.7% in the 2nd quarter. First Foundation Advisors now owns 1,027,074 shares of the company’s stock worth $39,173,000 after purchasing an additional 182,834 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Invesco FTSE RAFI US 1500 Small-Mid ETF by 5.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 1,277,860 shares of the company’s stock worth $53,095,000 after buying an additional 71,003 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Invesco FTSE RAFI US 1500 Small-Mid ETF by 9.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 484,008 shares of the company’s stock worth $18,460,000 after buying an additional 42,100 shares in the last quarter.

Invesco FTSE RAFI US 1500 Small-Mid ETF Company Profile

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.