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

Shares of Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) saw strong trading volume on Thursday . 343,537 shares were traded during mid-day trading, an increase of 157% from the previous session’s volume of 133,428 shares.The stock last traded at $47.66 and had previously closed at $47.92.

Invesco RAFI US 1500 Small-Mid ETF Stock Up 3.3%

The stock has a fifty day moving average price of $47.50 and a two-hundred day moving average price of $45.52. The company has a market cap of $2.74 billion, a price-to-earnings ratio of 18.02 and a beta of 1.11.

Invesco RAFI US 1500 Small-Mid ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were issued a dividend of $0.1144 per share. The ex-dividend date was Monday, December 22nd. This represents a $0.46 annualized dividend and a yield of 0.9%.

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

A number of large investors have recently bought and sold shares of PRFZ. Howe & Rusling Inc. raised its holdings in Invesco RAFI US 1500 Small-Mid ETF by 72.6% in the 3rd quarter. Howe & Rusling Inc. now owns 725 shares of the company’s stock worth $33,000 after purchasing an additional 305 shares in the last quarter. Blue Trust Inc. purchased a new position in shares of Invesco RAFI US 1500 Small-Mid ETF during the third quarter valued at about $53,000. Private Trust Co. NA raised its stake in Invesco RAFI US 1500 Small-Mid ETF by 33.0% in the second quarter. Private Trust Co. NA now owns 1,323 shares of the company’s stock worth $54,000 after buying an additional 328 shares in the last quarter. Harbor Asset Planning Inc. purchased a new stake in Invesco RAFI US 1500 Small-Mid ETF in the second quarter worth about $65,000. Finally, Palisade Asset Management LLC bought a new stake in Invesco RAFI US 1500 Small-Mid ETF during the 3rd quarter valued at approximately $69,000.

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.