6-May-2024
No headlines found.
No press releases found.
No news found.
The Invesco FTSE RAFI US 1500 Small-Mid ETF (Fund) is based on the FTSE RAFI US 1500 Small-Mid Index (index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to track the performance of the equity securities of small and medium-sized US companies. Companies in the index are selected based on the following four fundamental measures of size: book value, cash flow, sales and dividends. Each of the equities with a fundamental size ranking of 1,001 to 2,500 in the universe of 3,000 is then selected and assigned a weight equal to its fundamental value. The Portfolio and the Index are reconstituted annually.
Invesco FTSE Rafi US 1500 Small-Mid ETF trades on the NASDAQ stock market under the symbol PRFZ.
As of May 6, 2024, PRFZ stock price climbed to $38.51 with 61,785 million shares trading.
PRFZ has a beta of 1.18, meaning it tends to be more sensitive to market movements. PRFZ has a correlation of 0.62 to the broad based SPY ETF.
PRFZ has a market cap of $2.36 billion. This is considered a Mid Cap stock.
In the last 3 years, PRFZ stock traded as high as $40.44 and as low as $28.96.
PRFZ stock has underperformed the market in the last year with a return of +24.6%, while SPY returned +28.3%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in PRFZ shares. However, PRFZ has outperformed the market in the last 3 month and 2 week periods, returning +5.7% and +5.3%, while SPY returned +4.8% and +4.3%, respectively. This indicates PRFZ has been having a stronger performance recently.
PRFZ support price is $37.58 and resistance is $38.57 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PRFZ stock will trade within this expected range on the day.