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

Invesco FTSE RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) shares saw unusually-high 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 Trading Down 1.9 %

The firm has a market capitalization of $2.51 billion, a P/E ratio of 2.78 and a beta of 1.17. The company has a 50 day moving average of $43.33 and a 200-day moving average of $41.40.

Invesco FTSE RAFI US 1500 Small-Mid ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were given 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 made changes to their positions in the business. WCG Wealth Advisors LLC acquired a new stake in Invesco FTSE RAFI US 1500 Small-Mid ETF during the second quarter worth about $7,670,000. Wealth Enhancement Advisory Services LLC boosted its position 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 acquiring an additional 71,003 shares in the last quarter. Sanctuary Advisors LLC bought a new position in Invesco FTSE RAFI US 1500 Small-Mid ETF in the second quarter valued at approximately $1,309,000. 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 purchasing an additional 31,717 shares in the last quarter. Finally, Hibernia Wealth Partners LLC bought a new stake in Invesco FTSE RAFI US 1500 Small-Mid ETF during the third quarter worth $743,000.

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.