Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) Hits New 52-Week High – Still a Buy?

Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) reached a new 52-week high on Tuesday . The company traded as high as $51.17 and last traded at $51.09, with a volume of 17473 shares trading hands. The stock had previously closed at $50.50.

Invesco RAFI US 1500 Small-Mid ETF Price Performance

The business’s 50-day moving average price is $47.74 and its two-hundred day moving average price is $47.11. The company has a market capitalization of $2.92 billion, a price-to-earnings ratio of 18.02 and a beta of 1.07.

Invesco RAFI US 1500 Small-Mid ETF Cuts Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in PRFZ. Howe & Rusling Inc. raised its position in Invesco RAFI US 1500 Small-Mid ETF by 72.6% during the third quarter. Howe & Rusling Inc. now owns 725 shares of the company’s stock valued at $33,000 after purchasing an additional 305 shares in the last quarter. Clearstead Trust LLC acquired a new position in Invesco RAFI US 1500 Small-Mid ETF during the fourth quarter valued at approximately $45,000. Palisade Asset Management LLC acquired a new position in Invesco RAFI US 1500 Small-Mid ETF during the third quarter valued at approximately $69,000. Geneos Wealth Management Inc. raised its position in Invesco RAFI US 1500 Small-Mid ETF by 47.7% during the second quarter. Geneos Wealth Management Inc. now owns 1,799 shares of the company’s stock valued at $73,000 after purchasing an additional 581 shares in the last quarter. Finally, Sunbelt Securities Inc. raised its position in Invesco RAFI US 1500 Small-Mid ETF by 20.8% during the third quarter. Sunbelt Securities Inc. now owns 1,727 shares of the company’s stock valued at $78,000 after purchasing an additional 297 shares in 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.