Invesco FTSE RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) Sees Large Volume Increase – Here’s What Happened

Shares of Invesco FTSE RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) saw unusually-high trading volume on Monday . Approximately 386,434 shares were traded during mid-day trading, an increase of 181% from the previous session’s volume of 137,702 shares.The stock last traded at $41.30 and had previously closed at $41.19.

Invesco FTSE RAFI US 1500 Small-Mid ETF Stock Performance

The company has a market cap of $2.52 billion, a P/E ratio of 17.60 and a beta of 1.17. The business has a 50 day moving average price of $42.41 and a two-hundred day moving average price of $42.08.

Invesco FTSE RAFI US 1500 Small-Mid ETF Dividend Announcement

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

Institutional Investors Weigh In On Invesco FTSE RAFI US 1500 Small-Mid ETF

Several institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF during the fourth quarter valued at approximately $42,003,000. Stonebridge Financial Group LLC purchased a new stake in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF in the 4th quarter worth about $26,113,000. Invesco Ltd. boosted its stake in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF by 118.1% during the 4th quarter. Invesco Ltd. now owns 446,483 shares of the company’s stock valued at $18,578,000 after purchasing an additional 241,812 shares in the last quarter. Independent Advisor Alliance bought a new stake in Invesco FTSE RAFI US 1500 Small-Mid ETF during the 4th quarter valued at approximately $5,492,000. Finally, Focus Partners Wealth grew its holdings in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF by 1,505.5% during the 4th quarter. Focus Partners Wealth now owns 127,394 shares of the company’s stock worth $5,301,000 after acquiring an additional 119,459 shares during the period.

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.