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

Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) shares saw strong trading volume on Tuesday. 132,292 shares were traded during trading, an increase of 12% from the previous session’s volume of 117,594 shares. The stock last traded at $52.43 and had previously closed at $52.45.

Invesco RAFI US 1500 Small-Mid ETF Stock Down 0.4%

The firm has a market capitalization of $2.69 billion, a P/E ratio of 18.02 and a beta of 1.06. The business’s 50 day moving average is $54.54 and its 200-day moving average is $52.00.

Invesco RAFI US 1500 Small-Mid ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Monday, September 21st were issued a $0.1290 dividend. The ex-dividend date of this dividend was Monday, September 21st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.0%. This is a boost from Invesco RAFI US 1500 Small-Mid ETF’s previous quarterly dividend of $0.0992.

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

A number of institutional investors have recently modified their holdings of PRFZ. Allied Private Wealth LLC bought a new position in Invesco RAFI US 1500 Small-Mid ETF in the second quarter valued at about $28,000. JNBA Financial Advisors acquired a new position in Invesco RAFI US 1500 Small-Mid ETF during the second quarter worth about $57,000. Tidemark LLC lifted its holdings in shares of Invesco RAFI US 1500 Small-Mid ETF by 39.5% in the fourth quarter. Tidemark LLC now owns 2,064 shares of the company’s stock worth $95,000 after acquiring an additional 584 shares during the last quarter. Allworth Financial LP lifted its holdings in shares of Invesco RAFI US 1500 Small-Mid ETF by 7.4% in the second quarter. Allworth Financial LP now owns 2,758 shares of the company’s stock worth $154,000 after acquiring an additional 190 shares during the last quarter. Finally, RMG Wealth Management LLC acquired a new stake in shares of Invesco RAFI US 1500 Small-Mid ETF in the 1st quarter valued at approximately $131,000.

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.