Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) Reaches New 1-Year High – Here’s What Happened

Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $46.88 and last traded at $46.63, with a volume of 59520 shares traded. The stock had previously closed at $46.51.

Invesco RAFI US 1500 Small-Mid ETF Stock Up 0.5%

The stock’s 50-day moving average price is $45.27 and its 200-day moving average price is $43.18. The company has a market capitalization of $2.64 billion, a price-to-earnings ratio of 18.02 and a beta of 1.11.

Invesco RAFI US 1500 Small-Mid ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Monday, September 22nd were paid a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Monday, September 22nd. This is a boost from Invesco RAFI US 1500 Small-Mid ETF’s previous quarterly dividend of $0.11.

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

Hedge funds and other institutional investors have recently bought and sold shares of the company. Revolve Wealth Partners LLC bought a new position in shares of Invesco RAFI US 1500 Small-Mid ETF in the 4th quarter valued at about $518,000. Charles Schwab Investment Management Inc. lifted its holdings in Invesco RAFI US 1500 Small-Mid ETF by 6.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 20,959,358 shares of the company’s stock worth $793,521,000 after purchasing an additional 1,274,728 shares during the last quarter. AlphaCore Capital LLC bought a new stake in shares of Invesco RAFI US 1500 Small-Mid ETF in the first quarter valued at about $262,000. Invesco Ltd. grew its position in shares of Invesco RAFI US 1500 Small-Mid ETF by 11.9% during the 1st quarter. Invesco Ltd. now owns 499,514 shares of the company’s stock worth $18,912,000 after purchasing an additional 53,031 shares in the last quarter. Finally, SouthState Corp acquired a new position in Invesco RAFI US 1500 Small-Mid ETF in the 1st quarter valued at $233,000.

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.