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

Shares of Invesco FTSE RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) saw unusually-strong trading volume on Tuesday . Approximately 257,102 shares traded hands during trading, an increase of 85% from the previous session’s volume of 138,984 shares.The stock last traded at $38.82 and had previously closed at $39.75.

Invesco FTSE RAFI US 1500 Small-Mid ETF Trading Down 1.4 %

The business has a 50-day moving average price of $42.19 and a two-hundred day moving average price of $42.16. The stock has a market capitalization of $2.41 billion, a P/E ratio of 17.60 and a beta of 1.17.

Invesco FTSE RAFI US 1500 Small-Mid ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were given 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

A number of institutional investors have recently modified their holdings of the stock. Continuum Advisory LLC lifted its position in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF by 62.9% during the 4th quarter. Continuum Advisory LLC now owns 795 shares of the company’s stock valued at $33,000 after acquiring an additional 307 shares during the period. Two Sigma Investments LP raised its holdings in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF by 174.8% during the 4th quarter. Two Sigma Investments LP now owns 133,000 shares of the company’s stock worth $5,534,000 after buying an additional 84,600 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF by 3.7% during the 4th quarter. Royal Bank of Canada now owns 691,179 shares of the company’s stock worth $28,760,000 after buying an additional 24,962 shares in the last quarter. Quantinno Capital Management LP raised its holdings in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF by 4.8% during the 4th quarter. Quantinno Capital Management LP now owns 13,021 shares of the company’s stock worth $542,000 after buying an additional 597 shares in the last quarter. Finally, Focus Partners Wealth raised 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 buying an additional 119,459 shares in the last quarter.

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.