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

Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) reached a new 52-week high on Wednesday . The company traded as high as $56.48 and last traded at $56.48, with a volume of 1700 shares. The stock had previously closed at $56.00.

Invesco RAFI US 1500 Small-Mid ETF Price Performance

The firm’s fifty day moving average price is $53.94 and its 200-day moving average price is $50.53. The company has a market capitalization of $2.89 billion, a price-to-earnings ratio of 18.02 and a beta of 1.06.

Invesco RAFI US 1500 Small-Mid ETF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were given a dividend of $0.0992 per share. The ex-dividend date was Monday, June 22nd. This represents a $0.40 dividend on an annualized basis and a yield of 0.7%.

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

Large investors have recently bought and sold shares of the company. Allied Private Wealth LLC acquired a new position in shares of Invesco RAFI US 1500 Small-Mid ETF in the second quarter valued at approximately $28,000. Clearstead Trust LLC bought a new stake in Invesco RAFI US 1500 Small-Mid ETF during the 4th quarter worth approximately $45,000. Howe & Rusling Inc. increased its position in Invesco RAFI US 1500 Small-Mid ETF by 42.1% in the 4th quarter. Howe & Rusling Inc. now owns 1,030 shares of the company’s stock valued at $47,000 after acquiring an additional 305 shares during the period. Palisade Asset Management LLC acquired a new position in Invesco RAFI US 1500 Small-Mid ETF in the 3rd quarter valued at approximately $69,000. Finally, Sunbelt Securities Inc. raised its stake in shares of Invesco RAFI US 1500 Small-Mid ETF by 20.8% during the third quarter. Sunbelt Securities Inc. now owns 1,727 shares of the company’s stock valued at $78,000 after acquiring an additional 297 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.