Invesco FTSE RAFI US 1000 ETF (NYSEARCA:PRF) Sees Strong Trading Volume – What’s Next?

Invesco FTSE RAFI US 1000 ETF (NYSEARCA:PRF) saw an uptick in trading volume on Tuesday . 989,565 shares were traded during trading, an increase of 245% from the previous session’s volume of 287,054 shares.The stock last traded at $40.85 and had previously closed at $41.58.

Invesco FTSE RAFI US 1000 ETF Stock Performance

The firm has a fifty day moving average price of $41.50 and a 200 day moving average price of $41.09. The stock has a market cap of $7.48 billion, a PE ratio of 18.98 and a beta of 1.00.

Hedge Funds Weigh In On Invesco FTSE RAFI US 1000 ETF

Several hedge funds have recently made changes to their positions in the company. NewEdge Advisors LLC increased its position in shares of Invesco FTSE RAFI US 1000 ETF by 0.9% in the 4th quarter. NewEdge Advisors LLC now owns 27,153 shares of the company’s stock valued at $1,095,000 after acquiring an additional 242 shares during the period. Atlas Capital Advisors Inc. increased its position in shares of Invesco FTSE RAFI US 1000 ETF by 3.1% in the 4th quarter. Atlas Capital Advisors Inc. now owns 8,436 shares of the company’s stock valued at $340,000 after acquiring an additional 250 shares during the period. Johnson Financial Group Inc. increased its position in shares of Invesco FTSE RAFI US 1000 ETF by 7.5% in the 4th quarter. Johnson Financial Group Inc. now owns 3,601 shares of the company’s stock valued at $151,000 after acquiring an additional 250 shares during the period. Chicago Partners Investment Group LLC increased its position in shares of Invesco FTSE RAFI US 1000 ETF by 3.2% in the 4th quarter. Chicago Partners Investment Group LLC now owns 8,347 shares of the company’s stock valued at $338,000 after acquiring an additional 258 shares during the period. Finally, Capital Investment Advisors LLC grew its position in Invesco FTSE RAFI US 1000 ETF by 5.6% during the 4th quarter. Capital Investment Advisors LLC now owns 8,063 shares of the company’s stock worth $325,000 after purchasing an additional 426 shares during the period.

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.