Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) Hits New 1-Year High – What’s Next?

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

Invesco RAFI US 1500 Small-Mid ETF Stock Performance

The firm has a market cap of $2.89 billion, a P/E ratio of 18.02 and a beta of 1.06. The stock’s 50-day moving average is $53.94 and its 200 day moving average is $50.53.

Invesco RAFI US 1500 Small-Mid ETF Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were issued a $0.0992 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Monday, June 22nd.

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

Several institutional investors have recently modified their holdings of PRFZ. KWB Wealth lifted its holdings in shares of Invesco RAFI US 1500 Small-Mid ETF by 0.7% in the second quarter. KWB Wealth now owns 27,177 shares of the company’s stock worth $1,516,000 after acquiring an additional 185 shares during the last quarter. CIBC Private Wealth Group LLC boosted its stake in shares of 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 purchasing an additional 214 shares in the last quarter. RiverFront Investment Group LLC grew its holdings in shares of Invesco RAFI US 1500 Small-Mid ETF by 1.8% during the 4th quarter. RiverFront Investment Group LLC now owns 12,599 shares of the company’s stock valued at $578,000 after purchasing an additional 220 shares during the last quarter. Blair William & Co. IL grew its holdings in shares of Invesco RAFI US 1500 Small-Mid ETF by 3.6% during the 4th quarter. Blair William & Co. IL now owns 7,122 shares of the company’s stock valued at $327,000 after purchasing an additional 250 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC increased its position in Invesco RAFI US 1500 Small-Mid ETF by 3.9% during the 3rd quarter. Moneta Group Investment Advisors LLC now owns 6,715 shares of the company’s stock worth $305,000 after purchasing an additional 254 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.