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

Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZGet Free Report)’s share price reached 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 traded. The stock had previously closed at $56.00.

Invesco RAFI US 1500 Small-Mid ETF Trading Up 0.7%

The company has a market capitalization of $2.92 billion, a P/E ratio of 18.02 and a beta of 1.06. The business has a 50 day moving average price of $54.12 and a 200 day moving average price of $50.63.

Invesco RAFI US 1500 Small-Mid ETF Dividend Announcement

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

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

A number of hedge funds and other institutional investors have recently made changes to their positions in PRFZ. Johnson & White Wealth Management LLC boosted its position in Invesco RAFI US 1500 Small-Mid ETF by 7.4% during the 4th quarter. Johnson & White Wealth Management LLC now owns 254,833 shares of the company’s stock worth $11,694,000 after acquiring an additional 17,523 shares during the last quarter. Torren Management LLC acquired a new stake in shares of Invesco RAFI US 1500 Small-Mid ETF in the fourth quarter valued at approximately $1,757,000. WCG Wealth Advisors LLC raised its holdings in shares of Invesco RAFI US 1500 Small-Mid ETF by 175.5% in the fourth quarter. WCG Wealth Advisors LLC now owns 627,859 shares of the company’s stock valued at $28,813,000 after purchasing an additional 399,995 shares during the last quarter. Trailhead Planners LLC bought a new stake in shares of Invesco RAFI US 1500 Small-Mid ETF in the fourth quarter worth $480,000. Finally, Rockefeller Capital Management L.P. boosted its holdings in Invesco RAFI US 1500 Small-Mid ETF by 102.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 36,424 shares of the company’s stock worth $1,672,000 after purchasing an additional 18,407 shares during the last quarter.

About Invesco RAFI US 1500 Small-Mid ETF

(Get Free Report)

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.

Further Reading

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