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

Shares of Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) saw unusually-strong trading volume on Thursday . Approximately 88,340 shares traded hands during mid-day trading, a decline of 27% from the previous session’s volume of 120,600 shares.The stock last traded at $55.72 and had previously closed at $55.59.

Invesco RAFI US 1500 Small-Mid ETF Stock Performance

The company’s 50-day moving average is $54.82 and its 200-day moving average is $51.12. The firm has a market cap of $2.87 billion, a price-to-earnings ratio of 18.02 and a beta of 1.06.

Invesco RAFI US 1500 Small-Mid ETF Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were paid a $0.0992 dividend. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.7%.

Institutional Trading of Invesco RAFI US 1500 Small-Mid ETF

Several hedge funds have recently modified their holdings of the stock. Bank of America Corp DE raised its position in Invesco RAFI US 1500 Small-Mid ETF by 14.9% in the 1st quarter. Bank of America Corp DE now owns 2,858,934 shares of the company’s stock worth $131,139,000 after purchasing an additional 370,099 shares during the last quarter. LPL Financial LLC boosted its position 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 valued at $61,126,000 after buying an additional 114,759 shares during the last quarter. Raymond James Financial Inc. increased its stake in shares of Invesco RAFI US 1500 Small-Mid ETF by 1.3% in the 2nd quarter. Raymond James Financial Inc. now owns 1,034,412 shares of the company’s stock valued at $42,070,000 after buying an additional 13,062 shares during the period. Cetera Investment Advisers increased its stake in shares of Invesco RAFI US 1500 Small-Mid ETF by 3.6% in the 1st quarter. Cetera Investment Advisers now owns 1,031,218 shares of the company’s stock valued at $47,302,000 after buying an additional 35,362 shares during the period. Finally, Arbor Investment Advisors LLC raised its position in shares of Invesco RAFI US 1500 Small-Mid ETF by 2.5% during the first quarter. Arbor Investment Advisors LLC now owns 803,591 shares of the company’s stock worth $36,861,000 after acquiring an additional 19,510 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.