Invesco RAFI US 1000 ETF (NYSEARCA:PRF) Hits New 12-Month High – Here’s What Happened

Invesco RAFI US 1000 ETF (NYSEARCA:PRF) reached a new 52-week high on Tuesday . The company traded as high as $54.65 and last traded at $54.61, with a volume of 22080 shares trading hands. The stock had previously closed at $54.46.

Invesco RAFI US 1000 ETF Stock Down 0.1%

The stock has a market cap of $9.75 billion, a price-to-earnings ratio of 17.96 and a beta of 0.87. The company’s 50-day moving average is $53.13 and its 200-day moving average is $50.18.

Institutional Trading of Invesco RAFI US 1000 ETF

Several institutional investors have recently bought and sold shares of PRF. Versant Capital Management Inc bought a new stake in Invesco RAFI US 1000 ETF in the second quarter valued at $31,000. MCF Advisors LLC boosted its stake in shares of Invesco RAFI US 1000 ETF by 74.6% in the 4th quarter. MCF Advisors LLC now owns 702 shares of the company’s stock valued at $33,000 after purchasing an additional 300 shares in the last quarter. Lodestone Wealth Management LLC acquired a new stake in shares of Invesco RAFI US 1000 ETF in the 4th quarter valued at $34,000. JPL Wealth Management LLC bought a new stake in shares of Invesco RAFI US 1000 ETF in the 3rd quarter worth about $35,000. Finally, Russell Investments Group Ltd. grew its holdings in shares of Invesco RAFI US 1000 ETF by 114.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 835 shares of the company’s stock worth $38,000 after purchasing an additional 445 shares during the last quarter.

About Invesco 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.