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

Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) saw strong trading volume on Monday . 347,994 shares were traded during mid-day trading, an increase of 206% from the previous session’s volume of 113,656 shares.The stock last traded at $46.18 and had previously closed at $46.82.

Invesco RAFI US 1500 Small-Mid ETF Stock Performance

The company has a market capitalization of $2.65 billion, a price-to-earnings ratio of 18.02 and a beta of 1.11. The business’s 50 day moving average is $48.19 and its 200 day moving average is $46.44.

Invesco RAFI US 1500 Small-Mid ETF Cuts Dividend

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

Institutional Trading of Invesco RAFI US 1500 Small-Mid ETF

Several large investors have recently added to or reduced their stakes in the company. WCG Wealth Advisors LLC increased its holdings in shares of Invesco RAFI US 1500 Small-Mid ETF by 175.5% in the fourth quarter. WCG Wealth Advisors LLC now owns 627,859 shares of the company’s stock valued at $28,813,000 after purchasing an additional 399,995 shares during the period. AlphaCore Capital LLC boosted its position in Invesco RAFI US 1500 Small-Mid ETF by 3,737.0% in the second quarter. AlphaCore Capital LLC now owns 265,330 shares of the company’s stock valued at $10,791,000 after buying an additional 258,415 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Invesco RAFI US 1500 Small-Mid ETF by 486.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 191,807 shares of the company’s stock worth $8,802,000 after buying an additional 159,073 shares during the period. LPL Financial LLC increased its holdings in Invesco RAFI US 1500 Small-Mid ETF by 9.4% in the 4th quarter. LPL Financial LLC now owns 1,332,004 shares of the company’s stock worth $61,126,000 after buying an additional 114,759 shares during the period. Finally, Invesco Ltd. raised its position in Invesco RAFI US 1500 Small-Mid ETF by 29.1% during the 3rd quarter. Invesco Ltd. now owns 456,331 shares of the company’s stock worth $20,727,000 after buying an additional 102,983 shares during the last quarter.

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.