Invesco RAFI US 1000 ETF (NYSEARCA:PRF) Reaches New 12-Month High – Here’s Why

Invesco RAFI US 1000 ETF (NYSEARCA:PRF) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $49.04 and last traded at $48.55, with a volume of 42863 shares changing hands. The stock had previously closed at $48.71.

Invesco RAFI US 1000 ETF Price Performance

The company has a market capitalization of $8.90 billion, a price-to-earnings ratio of 17.96 and a beta of 0.92. The business’s 50-day moving average price is $47.39 and its two-hundred day moving average price is $45.49.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Revolve Wealth Partners LLC bought a new position in Invesco RAFI US 1000 ETF in the 4th quarter valued at about $469,000. AQR Capital Management LLC bought a new position in Invesco RAFI US 1000 ETF in the first quarter valued at approximately $1,316,000. Goldman Sachs Group Inc. acquired a new position in Invesco RAFI US 1000 ETF during the first quarter valued at approximately $911,000. Farther Finance Advisors LLC raised its position in Invesco RAFI US 1000 ETF by 33.5% during the second quarter. Farther Finance Advisors LLC now owns 1,465 shares of the company’s stock valued at $62,000 after purchasing an additional 368 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in Invesco RAFI US 1000 ETF by 1.4% during the second quarter. Janney Montgomery Scott LLC now owns 135,757 shares of the company’s stock worth $5,738,000 after purchasing an additional 1,846 shares during the last quarter.

Invesco 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.