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

Invesco FTSE RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) shares saw an uptick in trading volume on Friday . 695,627 shares traded hands during trading, an increase of 632% from the previous session’s volume of 95,035 shares.The stock last traded at $43.21 and had previously closed at $43.10.

Invesco FTSE RAFI US 1500 Small-Mid ETF Stock Down 0.2 %

The company has a market capitalization of $2.63 billion, a P/E ratio of 2.78 and a beta of 1.17. The business has a fifty day moving average price of $43.12 and a 200 day moving average price of $41.66.

Invesco FTSE RAFI US 1500 Small-Mid ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were given a $0.2305 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC increased its stake in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF by 5.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 1,277,860 shares of the company’s stock valued at $53,095,000 after buying an additional 71,003 shares during the period. Sanctuary Advisors LLC acquired a new position in Invesco FTSE RAFI US 1500 Small-Mid ETF during the second quarter worth $1,309,000. Hibernia Wealth Partners LLC bought a new position in Invesco FTSE RAFI US 1500 Small-Mid ETF in the 3rd quarter valued at about $743,000. Creative Planning increased its holdings in Invesco FTSE RAFI US 1500 Small-Mid ETF by 18.4% during the 3rd quarter. Creative Planning now owns 114,377 shares of the company’s stock worth $4,752,000 after purchasing an additional 17,756 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake in shares of Invesco FTSE RAFI US 1500 Small-Mid ETF by 4.3% in the second quarter. Cetera Investment Advisers now owns 424,811 shares of the company’s stock worth $16,202,000 after purchasing an additional 17,401 shares during the last quarter.

Invesco FTSE 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.