Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) Reaches New 52-Week High – Should You Buy?

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 $53.79 and last traded at $53.77, with a volume of 13617 shares traded. The stock had previously closed at $53.04.

Invesco RAFI US 1500 Small-Mid ETF Stock Up 1.0%

The business has a 50-day moving average of $51.34 and a 200-day moving average of $48.83. The stock has a market cap of $3.08 billion, a price-to-earnings ratio of 18.02 and a beta of 1.07.

Invesco RAFI US 1500 Small-Mid ETF Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Monday, June 22nd will be issued a dividend of $0.0992 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Monday, June 22nd.

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

Several large investors have recently made changes to their positions in PRFZ. Stonebridge Financial Group LLC lifted its position in Invesco RAFI US 1500 Small-Mid ETF by 4.6% during the 4th quarter. Stonebridge Financial Group LLC now owns 723,888 shares of the company’s stock worth $33,219,000 after acquiring an additional 31,792 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Invesco RAFI US 1500 Small-Mid ETF by 18.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 579,102 shares of the company’s stock valued at $27,536,000 after purchasing an additional 89,411 shares during the last quarter. Johnson & White Wealth Management LLC grew its position in shares of Invesco RAFI US 1500 Small-Mid ETF by 7.4% in the fourth quarter. Johnson & White Wealth Management LLC now owns 254,833 shares of the company’s stock valued at $11,694,000 after purchasing an additional 17,523 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of 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. Finally, Torren Management LLC bought a new position in Invesco RAFI US 1500 Small-Mid ETF in the 4th quarter worth approximately $1,757,000.

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.