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

Invesco FTSE RAFI US 1000 ETF (NYSEARCA:PRF) shares saw unusually-strong trading volume on Thursday . Approximately 1,261,683 shares traded 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 Down 4.6 %

The company’s fifty day moving average price is $41.35 and its 200 day moving average price is $41.21. The company has a market capitalization of $7.18 billion, a P/E ratio of 18.00 and a beta of 0.99.

Invesco FTSE RAFI US 1000 ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, March 28th. Shareholders 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 large investors have recently modified their holdings of PRF. BNP Paribas Financial Markets bought a new position in shares of Invesco FTSE RAFI US 1000 ETF in the 3rd quarter valued at $27,000. Smartleaf Asset Management LLC bought a new position in Invesco FTSE RAFI US 1000 ETF in the fourth quarter valued at about $34,000. Noble Wealth Management PBC bought a new position in Invesco FTSE RAFI US 1000 ETF in the fourth quarter valued at about $43,000. Integrity Financial Corp WA acquired a new position in Invesco FTSE RAFI US 1000 ETF during the fourth quarter worth about $54,000. Finally, IMG Wealth Management Inc. acquired a new stake in shares of Invesco FTSE RAFI US 1000 ETF in the 4th quarter valued at approximately $61,000.

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.