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

Shares of Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) saw strong trading volume on Tuesday . 4,458,203 shares were traded during mid-day trading, an increase of 4,687% from the previous session’s volume of 93,127 shares.The stock last traded at $50.29 and had previously closed at $51.05.

Invesco RAFI US 1500 Small-Mid ETF Price Performance

The firm’s fifty day moving average price is $48.00 and its 200-day moving average price is $47.31. The company has a market cap of $2.86 billion, a price-to-earnings ratio of 18.02 and a beta of 1.07.

Invesco RAFI US 1500 Small-Mid ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were given a $0.1017 dividend. The ex-dividend date was Monday, March 23rd. This represents a $0.41 annualized dividend and a yield of 0.8%.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Townsend Asset Management Corp NC ADV increased its position in Invesco RAFI US 1500 Small-Mid ETF by 9.9% in the 1st quarter. Townsend Asset Management Corp NC ADV now owns 9,467 shares of the company’s stock valued at $434,000 after acquiring an additional 849 shares during the period. Independent Financial Group LLC bought a new position in shares of Invesco RAFI US 1500 Small-Mid ETF in the first quarter worth $1,401,000. Wealthfront Advisers LLC increased its holdings in shares of Invesco RAFI US 1500 Small-Mid ETF by 19.7% during the first quarter. Wealthfront Advisers LLC now owns 15,459 shares of the company’s stock valued at $709,000 after purchasing an additional 2,545 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Invesco RAFI US 1500 Small-Mid ETF by 6.8% during the first quarter. Bank of New York Mellon Corp now owns 150,475 shares of the company’s stock valued at $6,902,000 after purchasing an additional 9,541 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in shares of Invesco RAFI US 1500 Small-Mid ETF by 82.6% during the first quarter. Geneos Wealth Management Inc. now owns 3,347 shares of the company’s stock valued at $154,000 after purchasing an additional 1,514 shares in the last quarter.

Invesco 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.