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

Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) shares saw an uptick in trading volume on Tuesday. Approximately 132,292 shares traded hands during trading, an increase of 12% from the previous session’s volume of 117,594 shares. The stock last traded at $52.43 and had previously closed at $52.45.

Invesco RAFI US 1500 Small-Mid ETF Stock Performance

The firm has a market cap of $2.69 billion, a P/E ratio of 18.02 and a beta of 1.06. The company’s 50 day moving average is $54.54 and its 200 day moving average is $52.00.

Invesco RAFI US 1500 Small-Mid ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Monday, September 21st were issued a dividend of $0.1290 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.0%. This is a boost from Invesco RAFI US 1500 Small-Mid ETF’s previous quarterly dividend of $0.0992. The ex-dividend date was Monday, September 21st.

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

Hedge funds have recently modified their holdings of the company. Trailhead Planners LLC acquired a new stake in shares of Invesco RAFI US 1500 Small-Mid ETF during the fourth quarter valued at about $480,000. WCG Wealth Advisors LLC increased its stake in shares of Invesco RAFI US 1500 Small-Mid ETF by 175.5% in the fourth quarter. WCG Wealth Advisors LLC now owns 627,859 shares of the company’s stock valued at $28,813,000 after buying an additional 399,995 shares during the period. Cetera Investment Advisers increased its stake in shares of Invesco RAFI US 1500 Small-Mid ETF by 3.6% in the first quarter. Cetera Investment Advisers now owns 1,031,218 shares of the company’s stock valued at $47,302,000 after buying an additional 35,362 shares during the period. Rockefeller Capital Management L.P. increased its stake in shares of Invesco RAFI US 1500 Small-Mid ETF by 102.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 36,424 shares of the company’s stock valued at $1,672,000 after buying an additional 18,407 shares during the period. Finally, Diversify Wealth Management LLC bought a new position in Invesco RAFI US 1500 Small-Mid ETF in the 1st quarter valued at approximately $2,501,000.

About Invesco 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.