Is Invesco FTSE RAFI US 1500 Small-Mid ETF (PRFZ) a Strong ETF Right Now?
Written by Emily J. Thompson, Senior Investment Analyst
Source: NASDAQ.COM
Overview of Invesco FTSE RAFI US 1500 Small-Mid ETF (PRFZ): Launched in 2006, PRFZ is a smart beta ETF that aims to outperform the small-cap blend market by tracking the FTSE RAFI US 1500 Small-Mid Index, which includes approximately 1,500 U.S. stocks based on fundamental measures like book value and cash flow.
Performance and Comparison: With an expense ratio of 0.39% and a 12-month trailing dividend yield of 1.21%, PRFZ has shown solid performance with a 25.89% increase over the past year; however, investors may also consider lower-cost alternatives like iShares Russell 2000 ETF and iShares Core S&P Small-Cap ETF for potentially better returns.
Analyst Views on IWM
Wall Street analysts forecast IWM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for IWM is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 269.790
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Current: 269.790
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
