Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) Reaches New 12-Month High – Time to Buy?

Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $52.51 and last traded at $52.45, with a volume of 84110 shares trading hands. The stock had previously closed at $51.08.

Invesco RAFI US 1500 Small-Mid ETF Stock Performance

The company has a 50-day simple moving average of $50.04 and a 200-day simple moving average of $48.27. The stock has a market cap of $2.98 billion, a P/E ratio of 18.02 and a beta of 1.07.

Invesco RAFI US 1500 Small-Mid ETF Cuts Dividend

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

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CIBC Private Wealth Group LLC increased its position in Invesco RAFI US 1500 Small-Mid ETF by 3.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 6,604 shares of the company’s stock valued at $303,000 after acquiring an additional 214 shares in the last quarter. RiverFront Investment Group LLC increased its position in Invesco RAFI US 1500 Small-Mid ETF by 1.8% in the 4th quarter. RiverFront Investment Group LLC now owns 12,599 shares of the company’s stock valued at $578,000 after acquiring an additional 220 shares in the last quarter. Blair William & Co. IL increased its position in Invesco RAFI US 1500 Small-Mid ETF by 3.6% in the 4th quarter. Blair William & Co. IL now owns 7,122 shares of the company’s stock valued at $327,000 after acquiring an additional 250 shares in the last quarter. Moneta Group Investment Advisors LLC increased its position in Invesco RAFI US 1500 Small-Mid ETF by 3.9% in the 3rd quarter. Moneta Group Investment Advisors LLC now owns 6,715 shares of the company’s stock valued at $305,000 after acquiring an additional 254 shares in the last quarter. Finally, Corient Private Wealth LLC increased its position in Invesco RAFI US 1500 Small-Mid ETF by 1.4% in the 2nd quarter. Corient Private Wealth LLC now owns 20,614 shares of the company’s stock valued at $838,000 after acquiring an additional 276 shares in 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.