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

Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) saw an uptick in trading volume on Thursday . 343,537 shares traded hands during 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 Stock Down 1.1%

The company has a market capitalization of $2.65 billion, a PE ratio of 18.02 and a beta of 1.11. The company has a 50-day moving average price of $47.43 and a two-hundred day moving average price of $45.46.

Invesco RAFI US 1500 Small-Mid ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were given a dividend of $0.1144 per share. The ex-dividend date was Monday, December 22nd. This represents a $0.46 annualized dividend and a dividend yield of 1.0%.

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

Several hedge funds have recently bought and sold shares of PRFZ. Howe & Rusling Inc. lifted its stake in 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 purchasing an additional 305 shares in the last quarter. Blue Trust Inc. purchased a new stake in shares of Invesco RAFI US 1500 Small-Mid ETF in the third quarter worth $53,000. Private Trust Co. NA boosted its stake in Invesco RAFI US 1500 Small-Mid ETF by 33.0% during the second quarter. Private Trust Co. NA now owns 1,323 shares of the company’s stock valued at $54,000 after buying an additional 328 shares during the period. Palisade Asset Management LLC purchased a new position in Invesco RAFI US 1500 Small-Mid ETF during the third quarter worth about $69,000. Finally, Harbor Asset Planning Inc. purchased a new position in Invesco RAFI US 1500 Small-Mid ETF during the second quarter worth about $65,000.

About Invesco 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.