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

Shares of Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) saw unusually-high trading volume on Thursday . Approximately 343,537 shares traded hands during mid-day trading, an increase of 157% from the previous session’s volume of 133,428 shares.The stock last traded at $47.66 and had previously closed at $47.92.

Invesco RAFI US 1500 Small-Mid ETF Price Performance

The company’s 50-day simple moving average is $47.43 and its 200-day simple moving average is $45.46. The stock has a market capitalization of $2.65 billion, a P/E ratio of 18.02 and a beta of 1.11.

Invesco RAFI US 1500 Small-Mid ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were issued a $0.1144 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Monday, December 22nd.

Hedge Funds Weigh In On Invesco RAFI US 1500 Small-Mid ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of PRFZ. Northwestern Mutual Wealth Management Co. raised its stake in Invesco RAFI US 1500 Small-Mid ETF by 486.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 191,807 shares of the company’s stock valued at $8,802,000 after buying an additional 159,073 shares during the period. WHI TRUST Co LLC acquired a new position in shares of Invesco RAFI US 1500 Small-Mid ETF during the 4th quarter worth approximately $141,000. Johnson & White Wealth Management LLC increased its holdings in shares of Invesco RAFI US 1500 Small-Mid ETF by 7.4% during the 4th quarter. Johnson & White Wealth Management LLC now owns 254,833 shares of the company’s stock worth $11,694,000 after acquiring an additional 17,523 shares during the last quarter. Fusion Capital LLC bought a new stake in Invesco RAFI US 1500 Small-Mid ETF in the 4th quarter valued at $201,000. Finally, Truist Financial Corp acquired a new stake in Invesco RAFI US 1500 Small-Mid ETF during the 4th quarter valued at $226,000.

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.