Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) Shares Cross Below 50 Day Moving Average – What’s Next?

Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ)’s share price passed below its 50 day moving average during trading on Tuesday. The stock has a 50 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.

Invesco RAFI US 1500 Small-Mid ETF Stock Down 0.7%

The company has a fifty day simple moving average of $53.13 and a two-hundred day simple moving average of $51.55. The stock has a market capitalization of $2.67 billion, a P/E ratio of 19.36 and a beta of 1.09.

Invesco RAFI US 1500 Small-Mid ETF Increases Dividend

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

Institutional Investors Weigh In On Invesco RAFI US 1500 Small-Mid ETF

A number of hedge funds have recently modified their holdings of PRFZ. KWB Wealth grew its position in shares of Invesco RAFI US 1500 Small-Mid ETF by 0.7% in the 2nd quarter. KWB Wealth now owns 27,177 shares of the company’s stock valued at $1,516,000 after purchasing an additional 185 shares during the period. Allworth Financial LP increased its stake in Invesco RAFI US 1500 Small-Mid ETF by 7.4% during the 2nd quarter. Allworth Financial LP now owns 2,758 shares of the company’s stock worth $154,000 after purchasing an additional 190 shares in the last quarter. Barrett & Company Inc. acquired a new stake in Invesco RAFI US 1500 Small-Mid ETF during the 3rd quarter worth approximately $27,000. Allied Private Wealth LLC acquired a new stake in Invesco RAFI US 1500 Small-Mid ETF during the 2nd quarter worth approximately $28,000. Finally, Hantz Financial Services Inc. acquired a new stake in Invesco RAFI US 1500 Small-Mid ETF during the 3rd quarter worth approximately $27,000.

Invesco 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.