Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) Share Price Crosses Below Fifty Day Moving Average – What’s Next?

Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ)’s stock price crossed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $53.13 and traded as low as $52.65. Invesco RAFI US 1500 Small-Mid ETF shares last traded at $53.11, with a volume of 97,531 shares traded.

Invesco RAFI US 1500 Small-Mid ETF Stock Down 1.4%

The stock has a market cap of $2.65 billion, a price-to-earnings ratio of 19.36 and a beta of 1.09. The company’s 50-day moving average is $53.08 and its 200-day moving average is $51.59.

Invesco RAFI US 1500 Small-Mid ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Monday, September 21st were issued a $0.1290 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Monday, September 21st. This is an increase from Invesco RAFI US 1500 Small-Mid ETF’s previous quarterly dividend of $0.0992.

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

Hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE raised its position in shares of Invesco RAFI US 1500 Small-Mid ETF by 14.9% during the 1st quarter. Bank of America Corp DE now owns 2,858,934 shares of the company’s stock valued at $131,139,000 after acquiring an additional 370,099 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of Invesco RAFI US 1500 Small-Mid ETF by 3.6% in the 1st quarter. Cetera Investment Advisers now owns 1,031,218 shares of the company’s stock worth $47,302,000 after purchasing an additional 35,362 shares during the last quarter. Three Bridge Wealth Advisors LLC boosted its position in shares of Invesco RAFI US 1500 Small-Mid ETF by 0.7% in the 3rd quarter. Three Bridge Wealth Advisors LLC now owns 263,550 shares of the company’s stock worth $13,792,000 after purchasing an additional 1,918 shares during the last quarter. Sanctuary Advisors LLC grew its stake in shares of Invesco RAFI US 1500 Small-Mid ETF by 6.9% during the first quarter. Sanctuary Advisors LLC now owns 278,140 shares of the company’s stock worth $12,758,000 after purchasing an additional 17,959 shares during the period. Finally, AlphaCore Capital LLC acquired a new stake in shares of Invesco RAFI US 1500 Small-Mid ETF during the third quarter worth $12,104,000.

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.