Invesco FTSE RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) Reaches New 1-Year High – Should You Buy?

Invesco FTSE RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $44.08 and last traded at $43.99, with a volume of 21301 shares traded. The stock had previously closed at $42.07.

Invesco FTSE RAFI US 1500 Small-Mid ETF Price Performance

The stock has a market cap of $2.72 billion, a price-to-earnings ratio of 2.78 and a beta of 1.17. The stock’s 50-day moving average is $41.21 and its 200-day moving average is $39.75.

Invesco FTSE RAFI US 1500 Small-Mid ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were given a $0.131 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend was Monday, September 23rd.

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

Large investors have recently added to or reduced their stakes in the business. Private Advisor Group LLC lifted its holdings in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF by 1.0% during the 3rd quarter. Private Advisor Group LLC now owns 42,639 shares of the company’s stock worth $1,772,000 after acquiring an additional 438 shares during the period. Blue Trust Inc. acquired a new position in Invesco FTSE RAFI US 1500 Small-Mid ETF during the third quarter worth approximately $68,000. Creative Planning raised its stake in Invesco FTSE RAFI US 1500 Small-Mid ETF by 18.4% during the third quarter. Creative Planning now owns 114,377 shares of the company’s stock worth $4,752,000 after purchasing an additional 17,756 shares during the period. EP Wealth Advisors LLC acquired a new position in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF in the 2nd quarter valued at $152,000. Finally, Johnson & White Wealth Management LLC grew its stake in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF by 5.1% during the 3rd quarter. Johnson & White Wealth Management LLC now owns 205,775 shares of the company’s stock valued at $8,550,000 after buying an additional 9,948 shares during the period.

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.