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

Invesco FTSE RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) saw unusually-strong trading volume on Monday . Approximately 565,344 shares traded hands during mid-day trading, an increase of 279% from the previous session’s volume of 149,253 shares.The stock last traded at $43.02 and had previously closed at $42.74.

Invesco FTSE RAFI US 1500 Small-Mid ETF Trading Down 1.2 %

The stock’s 50 day moving average price is $42.74 and its 200 day moving average price is $41.93. The company has a market cap of $2.61 billion, a price-to-earnings ratio of 2.78 and a beta of 1.17.

Invesco FTSE RAFI US 1500 Small-Mid ETF Dividend Announcement

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

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in PRFZ. Tucker Asset Management LLC grew its position in Invesco FTSE RAFI US 1500 Small-Mid ETF by 60.3% during the fourth quarter. Tucker Asset Management LLC now owns 824 shares of the company’s stock valued at $34,000 after acquiring an additional 310 shares during the period. Brown Brothers Harriman & Co. acquired a new stake in Invesco FTSE RAFI US 1500 Small-Mid ETF in the 4th quarter valued at $35,000. Vertex Planning Partners LLC lifted its stake in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF by 29.4% during the fourth quarter. Vertex Planning Partners LLC now owns 7,695 shares of the company’s stock worth $320,000 after purchasing an additional 1,749 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF by 12.4% in the fourth quarter. JPMorgan Chase & Co. now owns 61,707 shares of the company’s stock worth $2,568,000 after buying an additional 6,788 shares during the period. Finally, TIAA Trust National Association purchased a new stake in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF in the fourth quarter worth about $310,000.

About Invesco FTSE RAFI US 1500 Small-Mid ETF

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.