Invesco FTSE RAFI US 1000 ETF (NYSEARCA:PRF) Reaches New 12-Month Low – What’s Next?

Invesco FTSE RAFI US 1000 ETF (NYSEARCA:PRF)’s share price hit a new 52-week low during trading on Monday . The stock traded as low as $34.98 and last traded at $34.98, with a volume of 63864 shares changing hands. The stock had previously closed at $36.52.

Invesco FTSE RAFI US 1000 ETF Trading Down 0.6 %

The stock has a fifty day moving average of $41.17 and a two-hundred day moving average of $41.18. The company has a market capitalization of $6.71 billion, a PE ratio of 18.00 and a beta of 0.99.

Invesco FTSE RAFI US 1000 ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were paid a $0.1894 dividend. The ex-dividend date of this dividend was Monday, March 24th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PRF. Raymond James Financial Inc. purchased a new stake in shares of Invesco FTSE RAFI US 1000 ETF in the 4th quarter worth about $54,765,000. Goodman Advisory Group LLC bought a new position in shares of Invesco FTSE RAFI US 1000 ETF during the third quarter valued at $16,108,000. Bank of America Corp DE boosted its position in shares of Invesco FTSE RAFI US 1000 ETF by 3.1% during the fourth quarter. Bank of America Corp DE now owns 11,078,377 shares of the company’s stock valued at $446,902,000 after buying an additional 329,378 shares during the last quarter. Stonebridge Financial Group LLC bought a new stake in Invesco FTSE RAFI US 1000 ETF in the 4th quarter worth about $13,221,000. Finally, RFG Advisory LLC raised its position in Invesco FTSE RAFI US 1000 ETF by 5.4% in the 4th quarter. RFG Advisory LLC now owns 6,300,762 shares of the company’s stock worth $254,173,000 after buying an additional 320,593 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.