Invesco RAFI US 1000 ETF (NYSEARCA:PRF) Hits New 52-Week High – Here’s Why

Invesco RAFI US 1000 ETF (NYSEARCA:PRF) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $56.18 and last traded at $56.10, with a volume of 32231 shares changing hands. The stock had previously closed at $56.06.

Invesco RAFI US 1000 ETF Stock Performance

The stock has a fifty day simple moving average of $54.37 and a two-hundred day simple moving average of $51.53. The stock has a market capitalization of $10.04 billion, a price-to-earnings ratio of 17.96 and a beta of 0.87.

Institutional Investors Weigh In On Invesco RAFI US 1000 ETF

Hedge funds have recently added to or reduced their stakes in the business. Compass Financial Management LLC bought a new position in shares of Invesco RAFI US 1000 ETF during the 2nd quarter worth approximately $322,000. C M Bidwell & Associates Ltd. bought a new position in Invesco RAFI US 1000 ETF in the second quarter worth approximately $29,000. Clearstead Trust LLC acquired a new position in shares of Invesco RAFI US 1000 ETF during the second quarter worth approximately $210,000. JFS Wealth Advisors LLC raised its position in shares of Invesco RAFI US 1000 ETF by 8.3% during the second quarter. JFS Wealth Advisors LLC now owns 55,097 shares of the company’s stock worth $2,977,000 after purchasing an additional 4,245 shares during the period. Finally, Allied Private Wealth LLC bought a new position in shares of Invesco RAFI US 1000 ETF in the 2nd quarter worth $49,000.

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.