Invesco RAFI US 1000 ETF (NYSEARCA:PRF) Reaches New 1-Year High – Still a Buy?

Invesco RAFI US 1000 ETF (NYSEARCA:PRF) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $51.46 and last traded at $51.46, with a volume of 79103 shares traded. The stock had previously closed at $51.07.

Invesco RAFI US 1000 ETF Stock Up 0.0%

The company has a 50 day simple moving average of $48.97 and a two-hundred day simple moving average of $47.81. The company has a market capitalization of $9.54 billion, a P/E ratio of 17.96 and a beta of 0.88.

Institutional Trading of Invesco RAFI US 1000 ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. MCF Advisors LLC boosted its stake in Invesco RAFI US 1000 ETF by 74.6% during the fourth quarter. MCF Advisors LLC now owns 702 shares of the company’s stock worth $33,000 after buying an additional 300 shares during the period. Lodestone Wealth Management LLC purchased a new stake in shares of Invesco RAFI US 1000 ETF in the fourth quarter valued at $34,000. JPL Wealth Management LLC purchased a new stake in shares of Invesco RAFI US 1000 ETF in the third quarter valued at $35,000. Russell Investments Group Ltd. lifted 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 acquiring an additional 445 shares during the last quarter. Finally, Investment Research & Advisory Group Inc. lifted its holdings 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 worth $41,000 after acquiring an additional 747 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.