Invesco FTSE RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) Sees Strong Trading Volume – Time to Buy?

Invesco FTSE RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) saw strong trading volume on Monday . 386,434 shares changed hands during mid-day trading, an increase of 181% from the previous session’s volume of 137,702 shares.The stock last traded at $41.30 and had previously closed at $41.19.

Invesco FTSE RAFI US 1500 Small-Mid ETF Price Performance

The company has a market cap of $2.52 billion, a P/E ratio of 17.60 and a beta of 1.17. The company has a 50 day moving average of $42.41 and a 200-day moving average of $42.08.

Invesco FTSE RAFI US 1500 Small-Mid ETF Dividend Announcement

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

Institutional Investors Weigh In On Invesco FTSE RAFI US 1500 Small-Mid ETF

A number of institutional investors and hedge funds have recently bought and sold shares of PRFZ. Bank of America Corp DE grew its stake in Invesco FTSE RAFI US 1500 Small-Mid ETF by 2.2% in the 4th quarter. Bank of America Corp DE now owns 2,611,574 shares of the company’s stock worth $108,668,000 after buying an additional 57,183 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in 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 worth $53,095,000 after acquiring an additional 71,003 shares in the last quarter. LPL Financial LLC increased its stake in Invesco FTSE RAFI US 1500 Small-Mid ETF by 1.4% in the fourth quarter. LPL Financial LLC now owns 1,239,605 shares of the company’s stock valued at $51,580,000 after acquiring an additional 16,910 shares during the last quarter. First Foundation Advisors raised its position in Invesco FTSE RAFI US 1500 Small-Mid ETF by 4.9% during the fourth quarter. First Foundation Advisors now owns 1,105,902 shares of the company’s stock valued at $46,017,000 after purchasing an additional 52,016 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Invesco FTSE RAFI US 1500 Small-Mid ETF during the fourth quarter valued at about $42,003,000.

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.