Invesco FTSE RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) Sees Unusually-High Trading Volume

Invesco FTSE RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) shares saw an uptick in trading volume on Wednesday . 66,740 shares traded hands during trading, a decline of 36% from the previous session’s volume of 104,471 shares.The stock last traded at $41.30 and had previously closed at $41.31.

Invesco FTSE RAFI US 1500 Small-Mid ETF Price Performance

The business’s fifty day simple moving average is $40.16 and its two-hundred day simple moving average is $38.85. The company has a market cap of $2.52 billion, a PE ratio of 2.78 and a beta of 1.17.

Invesco FTSE RAFI US 1500 Small-Mid ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 24th were issued a $0.1563 dividend. This is a boost from Invesco FTSE RAFI US 1500 Small-Mid ETF’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Monday, June 24th. This represents a $0.63 dividend on an annualized basis and a yield of 1.52%.

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

Several institutional investors have recently bought and sold shares of PRFZ. Benjamin F. Edwards & Company Inc. increased its holdings in Invesco FTSE RAFI US 1500 Small-Mid ETF by 169.5% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 717 shares of the company’s stock worth $28,000 after acquiring an additional 451 shares in the last quarter. Palisade Asset Management LLC purchased a new stake in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF during the first quarter worth about $38,000. Johnson Financial Group Inc. raised its position in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF by 382.3% during the 4th quarter. Johnson Financial Group Inc. now owns 1,061 shares of the company’s stock worth $40,000 after purchasing an additional 841 shares during the last quarter. GAMMA Investing LLC purchased a new position in Invesco FTSE RAFI US 1500 Small-Mid ETF in the 1st quarter valued at about $46,000. Finally, Mather Group LLC. acquired a new stake in Invesco FTSE RAFI US 1500 Small-Mid ETF in the 1st quarter worth about $64,000.

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.