Invesco FTSE RAFI US 1000 ETF (NYSEARCA:PRF) Sees Strong Trading Volume – Should You Buy?

Invesco FTSE RAFI US 1000 ETF (NYSEARCA:PRF) saw an uptick in trading volume on Thursday . 1,261,683 shares traded hands during mid-day 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 Down 5.9 %

The firm has a 50-day moving average of $41.17 and a two-hundred day moving average of $41.17. The company has a market capitalization of $6.76 billion, a PE ratio of 18.00 and a beta of 0.99.

Invesco FTSE RAFI US 1000 ETF Announces Dividend

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

Institutional Investors Weigh In On Invesco FTSE RAFI US 1000 ETF

A number of institutional investors have recently modified their holdings of the business. FMR LLC increased its stake in shares of Invesco FTSE RAFI US 1000 ETF by 6.1% during the third quarter. FMR LLC now owns 128,370 shares of the company’s stock worth $5,216,000 after purchasing an additional 7,384 shares in the last quarter. BNP Paribas Financial Markets purchased a new stake in Invesco FTSE RAFI US 1000 ETF during the 3rd quarter worth approximately $27,000. HighTower Advisors LLC raised its holdings in shares of Invesco FTSE RAFI US 1000 ETF by 4.9% during the third quarter. HighTower Advisors LLC now owns 496,699 shares of the company’s stock valued at $20,176,000 after acquiring an additional 23,251 shares during the last quarter. Integrated Wealth Concepts LLC lifted its position in shares of Invesco FTSE RAFI US 1000 ETF by 13.7% in the third quarter. Integrated Wealth Concepts LLC now owns 20,074 shares of the company’s stock valued at $816,000 after acquiring an additional 2,419 shares in the last quarter. Finally, Stifel Financial Corp boosted its stake in shares of Invesco FTSE RAFI US 1000 ETF by 11.1% in the third quarter. Stifel Financial Corp now owns 38,823 shares of the company’s stock worth $1,577,000 after acquiring an additional 3,880 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.