Invesco FTSE RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) Sees Unusually-High Trading Volume – Here’s What Happened

Invesco FTSE RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) saw an uptick in trading volume on Wednesday . 269,527 shares were traded during mid-day trading, an increase of 174% from the previous session’s volume of 98,455 shares.The stock last traded at $44.49 and had previously closed at $44.32.

Invesco FTSE RAFI US 1500 Small-Mid ETF Stock Down 1.2 %

The business has a 50-day moving average price of $41.58 and a 200-day moving average price of $39.99. The firm has a market capitalization of $2.67 billion, a PE ratio of 2.78 and a beta of 1.17.

Invesco FTSE RAFI US 1500 Small-Mid ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were given a $0.131 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.21%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC acquired a new position in Invesco FTSE RAFI US 1500 Small-Mid ETF in the third quarter valued at approximately $27,000. Private Trust Co. NA lifted its holdings in Invesco FTSE RAFI US 1500 Small-Mid ETF by 73.0% in the third quarter. Private Trust Co. NA now owns 995 shares of the company’s stock valued at $41,000 after acquiring an additional 420 shares during the last quarter. Oak Harbor Wealth Partners LLC acquired a new position in Invesco FTSE RAFI US 1500 Small-Mid ETF in the third quarter valued at approximately $57,000. Blue Trust Inc. acquired a new position in Invesco FTSE RAFI US 1500 Small-Mid ETF in the third quarter valued at approximately $68,000. Finally, CBIZ Investment Advisory Services LLC acquired a new position in Invesco FTSE RAFI US 1500 Small-Mid ETF in the second quarter valued at approximately $68,000.

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.