Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) Reaches New 1-Year High – Time to Buy?

Shares of Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $53.79 and last traded at $53.77, with a volume of 13617 shares. The stock had previously closed at $53.04.

Invesco RAFI US 1500 Small-Mid ETF Price Performance

The company has a market capitalization of $3.07 billion, a price-to-earnings ratio of 18.02 and a beta of 1.07. The firm has a fifty day simple moving average of $51.13 and a 200 day simple moving average of $48.73.

Invesco RAFI US 1500 Small-Mid ETF Announces Dividend

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

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

Institutional investors have recently added to or reduced their stakes in the stock. WCG Wealth Advisors LLC raised its stake in Invesco RAFI US 1500 Small-Mid ETF by 175.5% in the 4th quarter. WCG Wealth Advisors LLC now owns 627,859 shares of the company’s stock valued at $28,813,000 after purchasing an additional 399,995 shares during the last quarter. Bank of America Corp DE boosted its stake in 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 worth $131,139,000 after purchasing an additional 370,099 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Invesco RAFI US 1500 Small-Mid ETF by 486.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 191,807 shares of the company’s stock worth $8,802,000 after purchasing an additional 159,073 shares during the last quarter. LPL Financial LLC grew its holdings in shares of Invesco RAFI US 1500 Small-Mid ETF by 9.4% during the fourth quarter. LPL Financial LLC now owns 1,332,004 shares of the company’s stock worth $61,126,000 after buying an additional 114,759 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Invesco RAFI US 1500 Small-Mid ETF by 29.1% during the third quarter. Invesco Ltd. now owns 456,331 shares of the company’s stock worth $20,727,000 after buying an additional 102,983 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.