Invesco FTSE RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Invesco FTSE RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) saw unusually-high trading volume on Friday . Approximately 247,674 shares were traded during mid-day trading, an increase of 130% from the previous session’s volume of 107,528 shares.The stock last traded at $40.88 and had previously closed at $41.72.

Invesco FTSE RAFI US 1500 Small-Mid ETF Trading Down 2.0 %

The firm has a fifty day simple moving average of $43.34 and a 200-day simple moving average of $41.35. The stock has a market cap of $2.50 billion, a price-to-earnings ratio of 2.78 and a beta of 1.17.

Invesco FTSE RAFI US 1500 Small-Mid ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were issued a $0.2305 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in Invesco FTSE RAFI US 1500 Small-Mid ETF by 23.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 54,919 shares of the company’s stock worth $2,282,000 after purchasing an additional 10,302 shares in the last quarter. Sanctuary Advisors LLC lifted its stake in Invesco FTSE RAFI US 1500 Small-Mid ETF by 3.6% in the 3rd quarter. Sanctuary Advisors LLC now owns 36,315 shares of the company’s stock valued at $1,623,000 after purchasing an additional 1,265 shares during the last quarter. EP Wealth Advisors LLC increased its holdings in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF by 82.2% during the 3rd quarter. EP Wealth Advisors LLC now owns 7,257 shares of the company’s stock worth $302,000 after acquiring an additional 3,275 shares during the last quarter. Quantinno Capital Management LP bought a new stake in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF during the 3rd quarter worth about $516,000. Finally, HighTower Advisors LLC increased its stake in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF by 3.2% during the third quarter. HighTower Advisors LLC now owns 111,830 shares of the company’s stock worth $4,645,000 after purchasing an additional 3,434 shares during the period.

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.