Invesco FTSE RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) Sees Unusually-High Trading Volume

Shares of Invesco FTSE RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) saw unusually-strong trading volume on Tuesday . Approximately 369,593 shares changed hands during mid-day trading, an increase of 177% from the previous session’s volume of 133,565 shares.The stock last traded at $37.54 and had previously closed at $36.84.

Invesco FTSE RAFI US 1500 Small-Mid ETF Price Performance

The firm has a market capitalization of $2.26 billion, a P/E ratio of 2.66 and a beta of 1.17. The stock’s 50-day simple moving average is $37.91 and its two-hundred day simple moving average is $35.81.

Invesco FTSE RAFI US 1500 Small-Mid ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Tuesday, March 19th were given a dividend of $0.0861 per share. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 0.93%.

Hedge Funds Weigh In On Invesco FTSE RAFI US 1500 Small-Mid ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Arbor Investment Advisors LLC boosted its position in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF by 1.9% during the first quarter. Arbor Investment Advisors LLC now owns 827,095 shares of the company’s stock worth $32,488,000 after acquiring an additional 15,213 shares during the last quarter. Oakworth Capital Inc. bought a new position in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF during the first quarter worth $151,000. Cornerstone Wealth Management LLC boosted its position in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF by 3.5% during the first quarter. Cornerstone Wealth Management LLC now owns 124,601 shares of the company’s stock worth $4,894,000 after acquiring an additional 4,228 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF by 11.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 1,172,108 shares of the company’s stock worth $46,040,000 after acquiring an additional 118,251 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC boosted its position in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF by 4.6% during the first quarter. Dynamic Advisor Solutions LLC now owns 251,197 shares of the company’s stock worth $9,867,000 after acquiring an additional 11,018 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.