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

Invesco FTSE RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) shares hit a new 52-week high during trading on Monday . The stock traded as high as $45.37 and last traded at $45.29, with a volume of 8387 shares. The stock had previously closed at $44.70.

Invesco FTSE RAFI US 1500 Small-Mid ETF Trading Down 0.1 %

The business’s fifty day moving average price is $42.21 and its two-hundred day moving average price is $40.35. The firm has a market cap of $2.78 billion, a P/E ratio of 2.78 and a beta of 1.17.

Invesco FTSE RAFI US 1500 Small-Mid ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were given a $0.131 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.16%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in PRFZ. Farther Finance Advisors LLC bought a new position in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF in the third quarter valued at approximately $27,000. Private Trust Co. NA lifted its position in Invesco FTSE RAFI US 1500 Small-Mid ETF by 73.0% during the 3rd quarter. Private Trust Co. NA now owns 995 shares of the company’s stock worth $41,000 after acquiring an additional 420 shares during the last quarter. Oak Harbor Wealth Partners LLC acquired a new stake in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF in the third quarter valued at about $57,000. CBIZ Investment Advisory Services LLC bought a new position in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF in the second quarter worth about $68,000. Finally, Blue Trust Inc. acquired a new position in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF during the 3rd quarter worth about $68,000.

About Invesco FTSE 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.