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

Shares of Invesco FTSE RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) saw strong trading volume on Tuesday . 118,272 shares traded hands during trading, an increase of 22% from the previous session’s volume of 97,282 shares.The stock last traded at $43.66 and had previously closed at $44.14.

Invesco FTSE RAFI US 1500 Small-Mid ETF Stock Down 0.9 %

The stock’s 50-day simple moving average is $43.19 and its 200 day simple moving average is $40.91. The firm has a market cap of $2.70 billion, a P/E ratio of 2.78 and a beta of 1.17.

Invesco FTSE RAFI US 1500 Small-Mid ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were paid a $0.131 dividend. The ex-dividend date was Monday, September 23rd. This represents a $0.52 annualized dividend and a dividend yield of 1.20%.

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

A number of hedge funds have recently added to or reduced their stakes in PRFZ. Farther Finance Advisors LLC purchased a new stake in Invesco FTSE RAFI US 1500 Small-Mid ETF in the third quarter worth $27,000. Private Trust Co. NA raised its stake in Invesco FTSE RAFI US 1500 Small-Mid ETF by 73.0% in the 3rd quarter. Private Trust Co. NA now owns 995 shares of the company’s stock valued at $41,000 after acquiring an additional 420 shares during the period. Oak Harbor Wealth Partners LLC purchased a new stake in Invesco FTSE RAFI US 1500 Small-Mid ETF during the third quarter valued at about $57,000. Blue Trust Inc. bought a new stake in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF in the third quarter valued at approximately $68,000. Finally, CBIZ Investment Advisory Services LLC bought a new position in Invesco FTSE RAFI US 1500 Small-Mid ETF in the 2nd quarter worth approximately $68,000.

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.