Invesco FTSE RAFI US 1000 ETF (NYSEARCA:PRF) Sees Large Volume Increase – Here’s Why

Shares of Invesco FTSE RAFI US 1000 ETF (NYSEARCA:PRF) saw unusually-high trading volume on Wednesday . Approximately 640,455 shares changed hands during 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 Up 0.0 %

The firm has a market capitalization of $7.75 billion, a P/E ratio of 3.61 and a beta of 0.85. The company’s 50 day moving average is $41.48 and its 200-day moving average is $39.79.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Sequoia Financial Advisors LLC lifted its stake in shares of Invesco FTSE RAFI US 1000 ETF by 6.6% in the third quarter. Sequoia Financial Advisors LLC now owns 31,529 shares of the company’s stock valued at $1,281,000 after buying an additional 1,954 shares in the last quarter. Aptus Capital Advisors LLC lifted its stake in shares of Invesco FTSE RAFI US 1000 ETF by 70.9% in the second quarter. Aptus Capital Advisors LLC now owns 6,205 shares of the company’s stock valued at $235,000 after buying an additional 2,574 shares in the last quarter. Savant Capital LLC lifted its stake in shares of Invesco FTSE RAFI US 1000 ETF by 58.6% in the second quarter. Savant Capital LLC now owns 36,011 shares of the company’s stock valued at $1,367,000 after buying an additional 13,306 shares in the last quarter. Ted Buchan & Co bought a new position in shares of Invesco FTSE RAFI US 1000 ETF in the second quarter valued at $13,102,000. Finally, Reston Wealth Management LLC bought a new position in shares of Invesco FTSE RAFI US 1000 ETF in the third quarter valued at $112,000.

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.