Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) Hits New 52-Week High – Time to Buy?

Shares of Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZGet Free Report) reached a new 52-week high on Tuesday . The company traded as high as $51.93 and last traded at $51.93, with a volume of 8612 shares. The stock had previously closed at $51.18.

Invesco RAFI US 1500 Small-Mid ETF Stock Up 1.5%

The firm has a market capitalization of $2.96 billion, a price-to-earnings ratio of 18.02 and a beta of 1.07. The business has a 50-day moving average of $48.58 and a two-hundred day moving average of $47.64.

Invesco RAFI US 1500 Small-Mid ETF Cuts Dividend

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

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

A number of institutional investors have recently added to or reduced their stakes in PRFZ. WCG Wealth Advisors LLC grew its position in Invesco RAFI US 1500 Small-Mid ETF by 175.5% during the fourth quarter. WCG Wealth Advisors LLC now owns 627,859 shares of the company’s stock worth $28,813,000 after buying an additional 399,995 shares in the last quarter. Bank of America Corp DE lifted its stake in Invesco RAFI US 1500 Small-Mid ETF by 14.9% during the first quarter. Bank of America Corp DE now owns 2,858,934 shares of the company’s stock worth $131,139,000 after purchasing an additional 370,099 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in Invesco RAFI US 1500 Small-Mid ETF by 486.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 191,807 shares of the company’s stock worth $8,802,000 after purchasing an additional 159,073 shares during the period. LPL Financial LLC lifted its stake in Invesco RAFI US 1500 Small-Mid ETF by 9.4% during the fourth quarter. LPL Financial LLC now owns 1,332,004 shares of the company’s stock worth $61,126,000 after purchasing an additional 114,759 shares during the period. Finally, Invesco Ltd. lifted its stake in Invesco RAFI US 1500 Small-Mid ETF by 29.1% during the third quarter. Invesco Ltd. now owns 456,331 shares of the company’s stock worth $20,727,000 after purchasing an additional 102,983 shares during the period.

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.

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