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

Invesco FTSE RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) saw unusually-strong trading volume on Friday . Approximately 247,674 shares were traded during 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 Stock Performance

The company has a market capitalization of $2.51 billion, a price-to-earnings ratio of 2.78 and a beta of 1.17. The firm’s 50 day simple moving average is $43.33 and its 200-day simple moving average is $41.40.

Invesco FTSE RAFI US 1500 Small-Mid ETF Dividend Announcement

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

Institutional Investors Weigh In On Invesco FTSE RAFI US 1500 Small-Mid ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC raised its stake in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF by 5.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 1,277,860 shares of the company’s stock worth $53,095,000 after purchasing an additional 71,003 shares in the last quarter. LPL Financial LLC raised its position in Invesco FTSE RAFI US 1500 Small-Mid ETF by 2.7% during the second quarter. LPL Financial LLC now owns 1,219,068 shares of the company’s stock valued at $46,495,000 after acquiring an additional 31,717 shares in the last quarter. Raymond James & Associates lifted its stake in Invesco FTSE RAFI US 1500 Small-Mid ETF by 0.7% in the third quarter. Raymond James & Associates now owns 936,627 shares of the company’s stock valued at $38,917,000 after acquiring an additional 6,948 shares during the last quarter. Arbor Investment Advisors LLC grew its position in Invesco FTSE RAFI US 1500 Small-Mid ETF by 1.1% in the third quarter. Arbor Investment Advisors LLC now owns 869,260 shares of the company’s stock worth $36,118,000 after acquiring an additional 9,212 shares in the last quarter. Finally, Cetera Investment Advisers increased its stake in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF by 4.3% during the 2nd quarter. Cetera Investment Advisers now owns 424,811 shares of the company’s stock worth $16,202,000 after purchasing an additional 17,401 shares during the last quarter.

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.