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

Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $51.93 and last traded at $51.93, with a volume of 8612 shares changing hands. The stock had previously closed at $51.18.

Invesco RAFI US 1500 Small-Mid ETF Stock Performance

The firm’s 50 day simple moving average is $48.58 and its 200-day simple moving average is $47.64. The company has a market capitalization of $2.96 billion, a price-to-earnings ratio of 18.02 and a beta of 1.07.

Invesco RAFI US 1500 Small-Mid ETF Cuts Dividend

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

Institutional Trading of Invesco RAFI US 1500 Small-Mid ETF

Several large investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC raised its stake in Invesco RAFI US 1500 Small-Mid ETF by 8.6% during the 1st quarter. NewEdge Advisors LLC now owns 13,265 shares of the company’s stock valued at $608,000 after purchasing an additional 1,050 shares during the period. Bank of America Corp DE raised its stake in Invesco RAFI US 1500 Small-Mid ETF by 14.9% during the 1st quarter. Bank of America Corp DE now owns 2,858,934 shares of the company’s stock valued at $131,139,000 after purchasing an additional 370,099 shares during the period. Quantinno Capital Management LP raised its stake in Invesco RAFI US 1500 Small-Mid ETF by 7.4% during the 1st quarter. Quantinno Capital Management LP now owns 52,216 shares of the company’s stock valued at $2,395,000 after purchasing an additional 3,616 shares during the period. RMG Wealth Management LLC acquired a new stake in Invesco RAFI US 1500 Small-Mid ETF during the 1st quarter valued at $131,000. Finally, Cetera Investment Advisers raised its stake in Invesco RAFI US 1500 Small-Mid ETF by 3.6% during the 1st quarter. Cetera Investment Advisers now owns 1,031,218 shares of the company’s stock valued at $47,302,000 after purchasing an additional 35,362 shares during the period.

About Invesco 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.