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

Invesco FTSE RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) shares saw strong trading volume on Friday . 247,674 shares traded hands during trading, an increase of 130% from the previous session’s volume of 107,528 shares.The stock last traded at $40.88 and had previously closed at $41.72.

Invesco FTSE RAFI US 1500 Small-Mid ETF Price Performance

The company has a market cap of $2.50 billion, a PE ratio of 2.78 and a beta of 1.17. The stock has a fifty day moving average price of $43.34 and a 200-day moving average price of $41.35.

Invesco FTSE RAFI US 1500 Small-Mid ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, December 27th. Shareholders 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

Hedge funds have recently made changes to their positions in the stock. LPL Financial LLC lifted its stake in Invesco FTSE RAFI US 1500 Small-Mid ETF by 2.7% in the second quarter. LPL Financial LLC now owns 1,219,068 shares of the company’s stock valued at $46,495,000 after acquiring an additional 31,717 shares during the last quarter. Wealthspire Advisors LLC lifted its holdings in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF by 79.0% during the 2nd quarter. Wealthspire Advisors LLC now owns 9,476 shares of the company’s stock worth $361,000 after acquiring an additional 4,182 shares during the period. Lyell Wealth Management LP acquired a new stake in Invesco FTSE RAFI US 1500 Small-Mid ETF during the second quarter valued at approximately $258,000. CBIZ Investment Advisory Services LLC acquired a new position in Invesco FTSE RAFI US 1500 Small-Mid ETF during the second quarter worth $68,000. Finally, WCG Wealth Advisors LLC acquired a new position in Invesco FTSE RAFI US 1500 Small-Mid ETF in the second quarter valued at about $7,670,000.

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.