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

Shares of Invesco FTSE RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) saw an uptick in trading volume on Friday . 695,627 shares were traded during mid-day trading, an increase of 632% from the previous session’s volume of 95,035 shares.The stock last traded at $43.21 and had previously closed at $43.10.

Invesco FTSE RAFI US 1500 Small-Mid ETF Price Performance

The stock has a market capitalization of $2.63 billion, a P/E ratio of 2.78 and a beta of 1.17. The stock has a fifty day moving average price of $43.12 and a 200 day moving average price of $41.66.

Invesco FTSE RAFI US 1500 Small-Mid ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were issued a dividend of $0.2305 per share. The ex-dividend date was Monday, December 23rd.

Institutional Trading of Invesco FTSE RAFI US 1500 Small-Mid ETF

Several institutional investors have recently added to or reduced their stakes in PRFZ. Spire Wealth Management grew its holdings in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF by 4.9% in the fourth quarter. Spire Wealth Management now owns 8,644 shares of the company’s stock worth $360,000 after purchasing an additional 403 shares during the last quarter. Perigon Wealth Management LLC increased its position in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF by 3.5% in the fourth quarter. Perigon Wealth Management LLC now owns 136,234 shares of the company’s stock valued at $5,782,000 after acquiring an additional 4,627 shares during the period. Revolve Wealth Partners LLC bought a new position in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF during the fourth quarter valued at about $518,000. Janney Montgomery Scott LLC boosted its holdings in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF by 4.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 9,126 shares of the company’s stock worth $380,000 after purchasing an additional 415 shares during the period. Finally, Diversify Advisory Services LLC raised its position in Invesco FTSE RAFI US 1500 Small-Mid ETF by 2.0% during the 4th quarter. Diversify Advisory Services LLC now owns 34,857 shares of the company’s stock valued at $1,427,000 after purchasing an additional 681 shares during the last quarter.

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.