Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) Sets New 52-Week High – Here’s Why

Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $48.60 and last traded at $48.41, with a volume of 51875 shares traded. The stock had previously closed at $48.47.

Invesco RAFI US 1500 Small-Mid ETF Stock Up 1.1%

The firm has a 50 day moving average price of $46.30 and a two-hundred day moving average price of $44.77. The company has a market cap of $2.76 billion, a price-to-earnings ratio of 18.02 and a beta of 1.11.

Invesco RAFI US 1500 Small-Mid ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were issued a $0.1144 dividend. The ex-dividend date was Monday, December 22nd. This represents a $0.46 annualized dividend and a yield of 0.9%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. AlphaCore Capital LLC increased its holdings in Invesco RAFI US 1500 Small-Mid ETF by 3,737.0% in the second quarter. AlphaCore Capital LLC now owns 265,330 shares of the company’s stock worth $10,791,000 after purchasing an additional 258,415 shares in the last quarter. Invesco Ltd. increased its stake in shares of Invesco RAFI US 1500 Small-Mid ETF by 29.1% in the 3rd quarter. Invesco Ltd. now owns 456,331 shares of the company’s stock valued at $20,727,000 after acquiring an additional 102,983 shares in the last quarter. WCG Wealth Advisors LLC lifted its position in shares of Invesco RAFI US 1500 Small-Mid ETF by 58.7% during the 2nd quarter. WCG Wealth Advisors LLC now owns 254,551 shares of the company’s stock valued at $10,353,000 after acquiring an additional 94,200 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in Invesco RAFI US 1500 Small-Mid ETF by 18.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 579,102 shares of the company’s stock worth $27,536,000 after acquiring an additional 89,411 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Invesco RAFI US 1500 Small-Mid ETF by 164.7% in the third quarter. JPMorgan Chase & Co. now owns 128,893 shares of the company’s stock worth $5,854,000 after purchasing an additional 80,199 shares during the period.

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.