Invesco FTSE RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) Sets New 12-Month High – What’s Next?

Invesco FTSE RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) reached a new 52-week high during mid-day trading on Monday . The company 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 Up 1.5 %

The company has a market cap of $2.80 billion, a price-to-earnings ratio of 2.78 and a beta of 1.17. The company’s 50 day moving average price is $42.05 and its 200 day moving average price is $40.26.

Invesco FTSE RAFI US 1500 Small-Mid ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were issued a $0.131 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date was Monday, September 23rd.

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

Several hedge funds have recently bought and sold shares of PRFZ. Wealth Enhancement Advisory Services LLC grew its holdings in Invesco FTSE RAFI US 1500 Small-Mid ETF by 5.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 1,277,860 shares of the company’s stock valued at $53,095,000 after buying an additional 71,003 shares during the period. LPL Financial LLC grew its holdings in Invesco FTSE RAFI US 1500 Small-Mid ETF by 2.7% in the second quarter. LPL Financial LLC now owns 1,219,068 shares of the company’s stock valued at $46,495,000 after purchasing an additional 31,717 shares during the period. First Foundation Advisors increased its position in Invesco FTSE RAFI US 1500 Small-Mid ETF by 21.7% during the second quarter. First Foundation Advisors now owns 1,027,074 shares of the company’s stock worth $39,173,000 after purchasing an additional 182,834 shares during the last quarter. Raymond James & Associates raised its stake in Invesco FTSE RAFI US 1500 Small-Mid ETF by 0.7% during the third quarter. Raymond James & Associates now owns 936,627 shares of the company’s stock worth $38,917,000 after purchasing an additional 6,948 shares during the period. Finally, Arbor Investment Advisors LLC boosted its holdings in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF by 1.1% in the 3rd quarter. Arbor Investment Advisors LLC now owns 869,260 shares of the company’s stock valued at $36,118,000 after purchasing an additional 9,212 shares during the last quarter.

Invesco FTSE 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.