Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) Sets 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 Friday . The company traded as high as $50.51 and last traded at $50.51, with a volume of 4717 shares changing hands. The stock had previously closed at $49.34.

Invesco RAFI US 1500 Small-Mid ETF Price Performance

The stock has a market capitalization of $2.87 billion, a price-to-earnings ratio of 18.02 and a beta of 1.07. The business’s fifty day moving average price is $47.42 and its 200-day moving average price is $46.75.

Invesco RAFI US 1500 Small-Mid ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were issued a dividend of $0.1017 per share. This represents a $0.41 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Monday, March 23rd.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Stonebridge Financial Group LLC boosted its holdings in Invesco RAFI US 1500 Small-Mid ETF by 4.6% during the fourth quarter. Stonebridge Financial Group LLC now owns 723,888 shares of the company’s stock worth $33,219,000 after purchasing an additional 31,792 shares during the last quarter. Three Bridge Wealth Advisors LLC boosted its holdings in Invesco RAFI US 1500 Small-Mid ETF by 8.5% during the third quarter. Three Bridge Wealth Advisors LLC now owns 267,437 shares of the company’s stock worth $12,147,000 after purchasing an additional 20,972 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Invesco RAFI US 1500 Small-Mid ETF by 18.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 579,102 shares of the company’s stock worth $27,536,000 after purchasing an additional 89,411 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in Invesco RAFI US 1500 Small-Mid ETF by 53.5% during the third quarter. Jones Financial Companies Lllp now owns 48,280 shares of the company’s stock worth $2,196,000 after purchasing an additional 16,819 shares during the last quarter. Finally, Legacy Trust purchased a new position in Invesco RAFI US 1500 Small-Mid ETF during the third quarter worth about $775,000.

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.