PRFZ Stock Summary and Trading Ideas (Invesco FTSE Rafi US 1500 Small-Mid ETF | NASDAQ:PRFZ)

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 April 19, 2024, PRFZ stock price climbed to $36.56 with 72,965 million shares trading.

PRFZ has a beta of 1.20, 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 $2.23 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 has underperformed the market in the last year with a price return of +13.4% while the SPY ETF gained +21.2%. PRFZ has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +1.7% and -4.7%, respectively, while the SPY returned +3.0% and -4.5%, respectively.

PRFZ support price is $35.78 and resistance is $36.68 (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.