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

Invesco FTSE RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) shares saw unusually-high trading volume on Monday . Approximately 389,205 shares traded hands during trading, an increase of 108% from the previous session’s volume of 186,808 shares.The stock last traded at $37.72 and had previously closed at $37.94.

Invesco FTSE RAFI US 1500 Small-Mid ETF Stock Down 0.3 %

The stock has a market capitalization of $2.33 billion, a P/E ratio of 16.63 and a beta of 1.17. The company has a fifty day simple moving average of $40.96 and a two-hundred day simple moving average of $41.93.

Invesco FTSE RAFI US 1500 Small-Mid ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were given a $0.0437 dividend. The ex-dividend date was Monday, March 24th.

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

Several hedge funds have recently bought and sold shares of PRFZ. Continuum Advisory LLC increased its position in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF by 62.9% during the fourth quarter. Continuum Advisory LLC now owns 795 shares of the company’s stock worth $33,000 after acquiring an additional 307 shares in the last quarter. Two Sigma Investments LP boosted its stake in Invesco FTSE RAFI US 1500 Small-Mid ETF by 174.8% in the 4th quarter. Two Sigma Investments LP now owns 133,000 shares of the company’s stock worth $5,534,000 after purchasing an additional 84,600 shares during the period. Royal Bank of Canada increased its holdings in 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 purchasing an additional 24,962 shares in the last quarter. Quantinno Capital Management LP raised its stake in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF by 4.8% in the 4th quarter. Quantinno Capital Management LP now owns 13,021 shares of the company’s stock valued at $542,000 after purchasing an additional 597 shares during the period. Finally, Focus Partners Wealth raised its stake in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF by 1,505.5% in the 4th quarter. Focus Partners Wealth now owns 127,394 shares of the company’s stock valued at $5,301,000 after purchasing an additional 119,459 shares during the period.

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.