Invesco FTSE RAFI US 1000 ETF Sees Notable Weekly Inflow
This week, the Invesco FTSE RAFI US 1000 ETF (Symbol: PRF) stands out among ETFs, experiencing an approximate inflow of $289.8 million. This influx translates to a 3.8% increase in outstanding units week over week, rising from 184,770,000 to 191,860,000. Among PRF’s major holdings, Comcast Corp (Symbol: CMCSA) has decreased by 0.1%, RTX Corp (Symbol: RTX) has increased by 0.3%, and 3M Co (Symbol: MMM) is down by 0.1%. For a detailed list of holdings, visit the PRF Holdings page.
The accompanying chart illustrates PRF’s one-year price performance against its 200-day moving average:
Examining the chart, PRF’s 52-week low stands at $36.36 per share, while the 52-week high is $43.015. The most recent trading price is $40.96. Analyzing the current share price in relation to the 200-day moving average can be a beneficial technical analysis tool; learn more about the 200-day moving average.
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Exchange-traded funds (ETFs) function similarly to stocks; however, investors purchase and sell “units” rather than “shares.” These units can be traded much like stocks but can also be created or eliminated based on investor demand. Each week, we track the changes in shares outstanding to identify ETFs with significant inflows (indicating newly created units) or outflows (indicating units being reduced). The creation of new units necessitates the purchase of the underlying holdings, while the reduction of units requires selling such holdings. As a result, substantial flows can influence the individual components within the ETFs.
Click here to discover which 9 other ETFs had notable inflows »
Also see:
- Institutional Holders of ENFN
- EUMV market cap history
- IVT shares outstanding history
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
