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

Shares of Invesco FTSE RAFI US 1000 ETF (NYSEARCA:PRF) saw unusually-strong trading volume on Wednesday . Approximately 640,455 shares traded hands during mid-day trading, an increase of 78% from the previous session’s volume of 358,931 shares.The stock last traded at $42.05 and had previously closed at $42.03.

Invesco FTSE RAFI US 1000 ETF Stock Performance

The stock has a market cap of $7.75 billion, a P/E ratio of 3.61 and a beta of 0.85. The stock’s fifty day simple moving average is $41.48 and its 200-day simple moving average is $39.79.

Institutional Trading of Invesco FTSE RAFI US 1000 ETF

A number of institutional investors have recently bought and sold shares of the business. Boulder Wealth Advisors LLC bought a new stake in Invesco FTSE RAFI US 1000 ETF in the 3rd quarter valued at about $14,863,000. World Investment Advisors LLC lifted its holdings in shares of Invesco FTSE RAFI US 1000 ETF by 2.1% during the 3rd quarter. World Investment Advisors LLC now owns 269,843 shares of the company’s stock worth $10,964,000 after acquiring an additional 5,514 shares during the period. Goodman Advisory Group LLC bought a new stake in shares of Invesco FTSE RAFI US 1000 ETF during the 3rd quarter worth approximately $16,108,000. M&T Bank Corp bought a new stake in shares of Invesco FTSE RAFI US 1000 ETF during the 3rd quarter worth approximately $213,000. Finally, Geller Advisors LLC lifted its holdings in shares of Invesco FTSE RAFI US 1000 ETF by 0.4% during the 3rd quarter. Geller Advisors LLC now owns 509,479 shares of the company’s stock worth $20,700,000 after acquiring an additional 2,271 shares during the period.

About Invesco FTSE RAFI US 1000 ETF

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.