Invesco FTSE RAFI US 1000 ETF (NYSEARCA:PRF) Sees Unusually-High Trading Volume – Time to Buy?

Invesco FTSE RAFI US 1000 ETF (NYSEARCA:PRF) saw an uptick in trading volume on Thursday . 1,261,683 shares changed hands during trading, an increase of 269% from the previous session’s volume of 341,741 shares.The stock last traded at $39.25 and had previously closed at $40.66.

Invesco FTSE RAFI US 1000 ETF Stock Performance

The stock has a 50-day moving average price of $41.35 and a two-hundred day moving average price of $41.21. The stock has a market capitalization of $7.18 billion, a PE ratio of 18.00 and a beta of 0.99.

Invesco FTSE RAFI US 1000 ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were issued a $0.1894 dividend. The ex-dividend date of this dividend was Monday, March 24th.

Institutional Trading of Invesco FTSE RAFI US 1000 ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE increased its holdings in Invesco FTSE RAFI US 1000 ETF by 3.1% in the 4th quarter. Bank of America Corp DE now owns 11,078,377 shares of the company’s stock valued at $446,902,000 after acquiring an additional 329,378 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of Invesco FTSE RAFI US 1000 ETF by 5.0% in the fourth quarter. Ameriprise Financial Inc. now owns 6,604,163 shares of the company’s stock worth $266,419,000 after buying an additional 317,206 shares in the last quarter. RFG Advisory LLC boosted its stake in Invesco FTSE RAFI US 1000 ETF by 5.4% during the fourth quarter. RFG Advisory LLC now owns 6,300,762 shares of the company’s stock valued at $254,173,000 after buying an additional 320,593 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Invesco FTSE RAFI US 1000 ETF by 0.6% in the 4th quarter. Envestnet Asset Management Inc. now owns 4,678,839 shares of the company’s stock worth $188,744,000 after purchasing an additional 25,893 shares during the period. Finally, Mariner LLC increased its position in shares of Invesco FTSE RAFI US 1000 ETF by 3.4% during the 4th quarter. Mariner LLC now owns 3,131,016 shares of the company’s stock valued at $126,305,000 after purchasing an additional 104,179 shares during the last quarter.

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.