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) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $48.60 and last traded at $48.41, with a volume of 51875 shares trading hands. The stock had previously closed at $48.47.

Invesco RAFI US 1500 Small-Mid ETF Stock Down 0.1%

The stock has a market capitalization of $2.72 billion, a P/E ratio of 18.02 and a beta of 1.11. The company has a fifty day simple moving average of $46.13 and a two-hundred day simple moving average of $44.71.

Invesco RAFI US 1500 Small-Mid ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were given a $0.1144 dividend. The ex-dividend date was Monday, December 22nd. This represents a $0.46 annualized dividend and a dividend yield of 0.9%.

Institutional Trading of Invesco RAFI US 1500 Small-Mid ETF

Several hedge funds have recently bought and sold shares of the stock. Farther Finance Advisors LLC raised its holdings in shares of Invesco RAFI US 1500 Small-Mid ETF by 61.3% during the second quarter. Farther Finance Advisors LLC now owns 1,574 shares of the company’s stock worth $64,000 after acquiring an additional 598 shares during the period. IFP Advisors Inc boosted its stake in Invesco RAFI US 1500 Small-Mid ETF by 99.7% in the 2nd quarter. IFP Advisors Inc now owns 3,835 shares of the company’s stock worth $156,000 after purchasing an additional 1,915 shares during the period. AlphaCore Capital LLC increased its holdings in Invesco RAFI US 1500 Small-Mid ETF by 3,737.0% during the 2nd quarter. AlphaCore Capital LLC now owns 265,330 shares of the company’s stock worth $10,791,000 after purchasing an additional 258,415 shares in the last quarter. CWM LLC raised its stake in shares of Invesco RAFI US 1500 Small-Mid ETF by 14.3% in the 2nd quarter. CWM LLC now owns 7,665 shares of the company’s stock valued at $312,000 after purchasing an additional 959 shares during the period. Finally, Traction Financial Partners LLC raised its stake in shares of Invesco RAFI US 1500 Small-Mid ETF by 0.6% in the 2nd quarter. Traction Financial Partners LLC now owns 103,613 shares of the company’s stock valued at $4,214,000 after purchasing an additional 606 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.