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

Invesco FTSE RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ)’s stock price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $35.92 and last traded at $35.93, with a volume of 44969 shares changing hands. The stock had previously closed at $38.46.

Invesco FTSE RAFI US 1500 Small-Mid ETF Price Performance

The stock has a market capitalization of $2.22 billion, a price-to-earnings ratio of 16.63 and a beta of 1.17. The business has a 50 day simple moving average of $40.67 and a 200-day simple moving average of $41.87.

Invesco FTSE RAFI US 1500 Small-Mid ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were paid a dividend of $0.0437 per share. The ex-dividend date was Monday, March 24th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE increased its holdings in Invesco FTSE RAFI US 1500 Small-Mid ETF by 2.2% during the 4th quarter. Bank of America Corp DE now owns 2,611,574 shares of the company’s stock worth $108,668,000 after purchasing an additional 57,183 shares in the last quarter. LPL Financial LLC grew its holdings in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF by 1.4% during the fourth quarter. LPL Financial LLC now owns 1,239,605 shares of the company’s stock worth $51,580,000 after buying an additional 16,910 shares in the last quarter. First Foundation Advisors raised its position in Invesco FTSE RAFI US 1500 Small-Mid ETF by 4.9% in the 4th quarter. First Foundation Advisors now owns 1,105,902 shares of the company’s stock valued at $46,017,000 after buying an additional 52,016 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Invesco FTSE RAFI US 1500 Small-Mid ETF in the 4th quarter valued at approximately $42,003,000. Finally, Royal Bank of Canada boosted its position in Invesco FTSE RAFI US 1500 Small-Mid ETF by 3.7% during the 4th quarter. Royal Bank of Canada now owns 691,179 shares of the company’s stock worth $28,760,000 after acquiring an additional 24,962 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.