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

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

Invesco FTSE RAFI US 1500 Small-Mid ETF Trading Down 6.6 %

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

Invesco FTSE RAFI US 1500 Small-Mid ETF Cuts Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in PRFZ. Integrity Financial Corp WA bought a new position in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF in the fourth quarter valued at $32,000. Oarsman Capital Inc. bought a new position in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF in the 4th quarter valued at about $32,000. Continuum Advisory LLC increased its stake in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF by 62.9% during the 4th quarter. Continuum Advisory LLC now owns 795 shares of the company’s stock worth $33,000 after purchasing an additional 307 shares during the last quarter. Tucker Asset Management LLC raised its holdings in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF by 60.3% in the 4th quarter. Tucker Asset Management LLC now owns 824 shares of the company’s stock valued at $34,000 after purchasing an additional 310 shares during the period. Finally, Brown Brothers Harriman & Co. acquired a new stake in Invesco FTSE RAFI US 1500 Small-Mid ETF in the 4th quarter valued at about $35,000.

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.