Invesco FTSE RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) Sees Unusually-High Trading Volume – Here’s Why

Invesco FTSE RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) shares saw strong trading volume on Friday . 695,627 shares were traded during mid-day trading, an increase of 632% from the previous session’s volume of 95,035 shares.The stock last traded at $43.21 and had previously closed at $43.10.

Invesco FTSE RAFI US 1500 Small-Mid ETF Stock Performance

The business’s 50 day moving average is $43.13 and its 200-day moving average is $41.72. The firm has a market capitalization of $2.63 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 business also recently declared a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were given a $0.2305 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Trading of Invesco FTSE RAFI US 1500 Small-Mid ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Brighton Jones LLC grew its position in Invesco FTSE RAFI US 1500 Small-Mid ETF by 1.2% in the 3rd quarter. Brighton Jones LLC now owns 25,232 shares of the company’s stock worth $1,048,000 after purchasing an additional 297 shares during the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF by 3.4% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 10,925 shares of the company’s stock worth $454,000 after acquiring an additional 360 shares during the period. Spire Wealth Management lifted its holdings in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF by 4.9% during the 4th quarter. Spire Wealth Management now owns 8,644 shares of the company’s stock worth $360,000 after acquiring an additional 403 shares during the period. Janney Montgomery Scott LLC lifted its holdings in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF by 4.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 9,126 shares of the company’s stock worth $380,000 after acquiring an additional 415 shares during the period. Finally, Private Trust Co. NA lifted its holdings in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF by 73.0% during the 3rd quarter. Private Trust Co. NA now owns 995 shares of the company’s stock worth $41,000 after acquiring an additional 420 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.