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

Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ)’s stock price 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 changing hands. The stock had previously closed at $53.04.

Invesco RAFI US 1500 Small-Mid ETF Trading Up 1.6%

The firm has a market cap of $3.07 billion, a PE ratio of 18.02 and a beta of 1.07. The company has a 50-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 company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Monday, June 22nd will be paid a $0.0992 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Monday, June 22nd.

Institutional Trading of Invesco RAFI US 1500 Small-Mid ETF

Hedge funds have recently added to or reduced their stakes in the company. NewEdge Advisors LLC increased its holdings in Invesco RAFI US 1500 Small-Mid ETF by 13.4% in the first quarter. NewEdge Advisors LLC now owns 13,855 shares of the company’s stock valued at $636,000 after buying an additional 1,640 shares in the last quarter. Bank of America Corp DE boosted its stake 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 worth $131,139,000 after acquiring an additional 370,099 shares in the last quarter. Quantinno Capital Management LP grew its position in shares of Invesco RAFI US 1500 Small-Mid ETF by 7.4% during the 1st quarter. Quantinno Capital Management LP now owns 52,216 shares of the company’s stock valued at $2,395,000 after acquiring an additional 3,616 shares during the period. RMG Wealth Management LLC acquired a new stake in shares of Invesco RAFI US 1500 Small-Mid ETF during the 1st quarter valued at about $131,000. Finally, Cetera Investment Advisers grew its position in shares of Invesco RAFI US 1500 Small-Mid ETF by 3.6% during the 1st quarter. Cetera Investment Advisers now owns 1,031,218 shares of the company’s stock valued at $47,302,000 after acquiring an additional 35,362 shares during the period.

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.