Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) Hits New 52-Week High – Here’s What Happened

Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $55.25 and last traded at $55.24, with a volume of 93083 shares changing hands. The stock had previously closed at $54.78.

Invesco RAFI US 1500 Small-Mid ETF Price Performance

The firm has a market cap of $3.14 billion, a P/E ratio of 18.02 and a beta of 1.07. The firm’s 50-day moving average price is $51.57 and its 200 day moving average price is $48.95.

Invesco RAFI US 1500 Small-Mid ETF Dividend Announcement

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Clearstead Trust LLC bought a new stake in shares of Invesco RAFI US 1500 Small-Mid ETF in the 4th quarter valued at approximately $45,000. Howe & Rusling Inc. lifted its stake in Invesco RAFI US 1500 Small-Mid ETF by 42.1% during the fourth quarter. Howe & Rusling Inc. now owns 1,030 shares of the company’s stock worth $47,000 after purchasing an additional 305 shares during the last quarter. Palisade Asset Management LLC bought a new position in Invesco RAFI US 1500 Small-Mid ETF during the third quarter worth $69,000. Geneos Wealth Management Inc. lifted its stake in Invesco RAFI US 1500 Small-Mid ETF by 47.7% during the second quarter. Geneos Wealth Management Inc. now owns 1,799 shares of the company’s stock worth $73,000 after purchasing an additional 581 shares during the last quarter. Finally, Sunbelt Securities Inc. boosted its holdings in Invesco RAFI US 1500 Small-Mid ETF by 20.8% in the third quarter. Sunbelt Securities Inc. now owns 1,727 shares of the company’s stock worth $78,000 after purchasing an additional 297 shares during the period.

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.