Invesco RAFI US 1000 ETF (NYSEARCA:PRF) Sets New 1-Year High – What’s Next?

Invesco RAFI US 1000 ETF (NYSEARCA:PRF) hit a new 52-week high on Tuesday . The company traded as high as $50.08 and last traded at $49.93, with a volume of 449547 shares. The stock had previously closed at $50.00.

Invesco RAFI US 1000 ETF Price Performance

The firm has a market capitalization of $8.99 billion, a P/E ratio of 17.96 and a beta of 0.92. The company’s 50 day moving average price is $48.10 and its 200 day moving average price is $45.97.

Institutional Investors Weigh In On Invesco RAFI US 1000 ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the company. MCF Advisors LLC boosted its holdings in Invesco RAFI US 1000 ETF by 74.6% in the fourth quarter. MCF Advisors LLC now owns 702 shares of the company’s stock valued at $33,000 after acquiring an additional 300 shares during the last quarter. Lodestone Wealth Management LLC acquired a new position in Invesco RAFI US 1000 ETF during the 4th quarter valued at about $34,000. JPL Wealth Management LLC acquired a new position in Invesco RAFI US 1000 ETF during the 3rd quarter valued at about $35,000. Russell Investments Group Ltd. boosted its stake 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 valued at $38,000 after purchasing an additional 445 shares during the last quarter. Finally, Investment Research & Advisory Group Inc. boosted its stake in shares of Invesco RAFI US 1000 ETF by 570.2% in the 4th quarter. Investment Research & Advisory Group Inc. now owns 878 shares of the company’s stock valued at $41,000 after purchasing an additional 747 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.