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

Invesco FTSE RAFI US 1000 ETF (NYSEARCA:PRF) saw strong trading volume on Tuesday . 1,027,468 shares were traded during trading, an increase of 210% from the previous session’s volume of 331,932 shares.The stock last traded at $39.75 and had previously closed at $40.25.

Invesco FTSE RAFI US 1000 ETF Stock Performance

The firm has a 50 day simple moving average of $41.50 and a 200 day simple moving average of $41.13. The firm has a market cap of $7.33 billion, a P/E ratio of 17.95 and a beta of 0.99.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Stifel Financial Corp grew its stake in Invesco FTSE RAFI US 1000 ETF by 11.1% in the 3rd quarter. Stifel Financial Corp now owns 38,823 shares of the company’s stock worth $1,577,000 after buying an additional 3,880 shares in the last quarter. BNP Paribas Financial Markets purchased a new position in Invesco FTSE RAFI US 1000 ETF in the third quarter worth $27,000. Brookstone Capital Management grew its position in Invesco FTSE RAFI US 1000 ETF by 14.5% in the fourth quarter. Brookstone Capital Management now owns 6,250 shares of the company’s stock worth $252,000 after acquiring an additional 793 shares in the last quarter. FMR LLC increased its stake in Invesco FTSE RAFI US 1000 ETF by 6.1% in the third quarter. FMR LLC now owns 128,370 shares of the company’s stock valued at $5,216,000 after acquiring an additional 7,384 shares during the last quarter. Finally, Obsidian Personal Planning Solutions LLC raised its position in Invesco FTSE RAFI US 1000 ETF by 7.2% during the third quarter. Obsidian Personal Planning Solutions LLC now owns 124,247 shares of the company’s stock valued at $5,002,000 after purchasing an additional 8,340 shares in 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.