Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) Sees Unusually-High Trading Volume – Here’s What Happened

Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) shares saw an uptick in trading volume on Tuesday . 4,458,203 shares traded hands during mid-day trading, an increase of 4,687% from the previous session’s volume of 93,127 shares.The stock last traded at $50.29 and had previously closed at $51.05.

Invesco RAFI US 1500 Small-Mid ETF Price Performance

The company has a fifty day moving average of $48.00 and a two-hundred day moving average of $47.31. The stock has a market capitalization of $2.86 billion, a P/E ratio of 18.02 and a beta of 1.07.

Invesco RAFI US 1500 Small-Mid ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were given a dividend of $0.1017 per share. This represents a $0.41 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, March 23rd.

Institutional Trading of Invesco RAFI US 1500 Small-Mid ETF

Institutional investors have recently added to or reduced their stakes in the business. Howe & Rusling Inc. lifted its position in shares of Invesco RAFI US 1500 Small-Mid ETF by 72.6% in the 3rd quarter. Howe & Rusling Inc. now owns 725 shares of the company’s stock worth $33,000 after buying an additional 305 shares during the last quarter. Clearstead Trust LLC bought a new stake in shares of Invesco RAFI US 1500 Small-Mid ETF during the 4th quarter valued at about $45,000. Palisade Asset Management LLC acquired a new stake in Invesco RAFI US 1500 Small-Mid ETF during the third quarter worth about $69,000. Geneos Wealth Management Inc. lifted its holdings in Invesco RAFI US 1500 Small-Mid ETF by 47.7% in the second quarter. Geneos Wealth Management Inc. now owns 1,799 shares of the company’s stock worth $73,000 after acquiring an additional 581 shares during the last quarter. Finally, Sunbelt Securities Inc. lifted its holdings in Invesco RAFI US 1500 Small-Mid ETF by 20.8% in the third quarter. Sunbelt Securities Inc. now owns 1,727 shares of the company’s stock worth $78,000 after acquiring an additional 297 shares during the last quarter.

Invesco 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.