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

Shares of Invesco FTSE RAFI US 1000 ETF (NYSEARCA:PRF) saw unusually-high trading volume on Thursday . Approximately 1,261,683 shares were traded 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 5.9 %

The firm has a 50 day moving average of $41.17 and a 200-day moving average of $41.17. The company has a market cap of $6.76 billion, a P/E ratio of 18.00 and a beta of 0.99.

Invesco FTSE RAFI US 1000 ETF Dividend Announcement

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

Institutional Trading of Invesco FTSE RAFI US 1000 ETF

Several hedge funds have recently modified their holdings of the company. BNP Paribas Financial Markets acquired a new position in Invesco FTSE RAFI US 1000 ETF during the 3rd quarter valued at about $27,000. Smartleaf Asset Management LLC purchased a new stake in Invesco FTSE RAFI US 1000 ETF during the 4th quarter worth approximately $34,000. Noble Wealth Management PBC acquired a new position in Invesco FTSE RAFI US 1000 ETF during the 4th quarter valued at approximately $43,000. Integrity Financial Corp WA purchased a new position in shares of Invesco FTSE RAFI US 1000 ETF in the fourth quarter worth $54,000. Finally, IMG Wealth Management Inc. acquired a new stake in shares of Invesco FTSE RAFI US 1000 ETF during the fourth quarter worth $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.