Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) Hits New 1-Year High – Here’s What Happened

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

Invesco RAFI US 1500 Small-Mid ETF Price Performance

The business has a 50-day simple moving average of $47.74 and a two-hundred day simple moving average of $47.11. The stock has a market cap 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. Shareholders of record on Monday, March 23rd were given a dividend of $0.1017 per share. This represents a $0.41 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Monday, March 23rd.

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

A number of institutional investors have recently bought and sold shares of the business. CIBC Private Wealth Group LLC increased its position in Invesco RAFI US 1500 Small-Mid ETF by 3.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 6,604 shares of the company’s stock worth $303,000 after buying an additional 214 shares during the last quarter. RiverFront Investment Group LLC increased its position in Invesco RAFI US 1500 Small-Mid ETF by 1.8% during the fourth quarter. RiverFront Investment Group LLC now owns 12,599 shares of the company’s stock worth $578,000 after buying an additional 220 shares during the last quarter. Blair William & Co. IL increased its position in Invesco RAFI US 1500 Small-Mid ETF by 3.6% during the fourth quarter. Blair William & Co. IL now owns 7,122 shares of the company’s stock worth $327,000 after buying an additional 250 shares during the last quarter. Moneta Group Investment Advisors LLC increased its position in Invesco RAFI US 1500 Small-Mid ETF by 3.9% during the third quarter. Moneta Group Investment Advisors LLC now owns 6,715 shares of the company’s stock worth $305,000 after buying an additional 254 shares during the last quarter. Finally, Corient Private Wealth LLC increased its position in Invesco RAFI US 1500 Small-Mid ETF by 1.4% during the second quarter. Corient Private Wealth LLC now owns 20,614 shares of the company’s stock worth $838,000 after buying an additional 276 shares during the last quarter.

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.