Invesco FTSE RAFI US 1000 ETF (NYSEARCA:PRF) Sees Unusually-High Trading Volume – Here’s What Happened

Invesco FTSE RAFI US 1000 ETF (NYSEARCA:PRF) shares saw unusually-strong trading volume on Tuesday . Approximately 1,027,468 shares changed hands during mid-day trading, an increase of 210% from the previous session’s volume of 331,932 shares.The stock last traded at $39.75 and had previously closed at $40.25.

Invesco FTSE RAFI US 1000 ETF Trading Down 0.7 %

The company has a 50-day moving average price of $41.47 and a two-hundred day moving average price of $41.12. The stock has a market capitalization of $7.26 billion, a P/E ratio of 17.95 and a beta of 0.99.

Institutional Investors Weigh In On Invesco FTSE RAFI US 1000 ETF

A number of institutional investors and hedge funds have recently made changes to their positions in PRF. BNP Paribas Financial Markets purchased a new stake in Invesco FTSE RAFI US 1000 ETF during the third quarter worth about $27,000. Smartleaf Asset Management LLC bought a new stake in shares of Invesco FTSE RAFI US 1000 ETF in the 4th quarter worth approximately $34,000. Noble Wealth Management PBC purchased a new position in Invesco FTSE RAFI US 1000 ETF in the fourth quarter valued at approximately $43,000. Integrity Financial Corp WA bought a new position in Invesco FTSE RAFI US 1000 ETF during the fourth quarter valued at $54,000. Finally, IMG Wealth Management Inc. purchased a new stake in Invesco FTSE RAFI US 1000 ETF in the fourth quarter worth $61,000.

Invesco FTSE RAFI US 1000 ETF Company Profile

The Invesco FTSE RAFI US 1000 ETF (PRF) is an exchange-traded fund that is based on the FTSE RAFI US 1000 index. The fund tracks an index of 1,000 of the largest US companies that are selected and weighted using fundamental metrics. PRF was launched on Dec 19, 2005 and is managed by Invesco.