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

Invesco RAFI US 1000 ETF (NYSEARCA:PRF) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $54.89 and last traded at $54.83, with a volume of 17786 shares traded. The stock had previously closed at $54.61.

Invesco RAFI US 1000 ETF Trading Up 0.3%

The firm has a market cap of $9.79 billion, a PE ratio of 17.96 and a beta of 0.87. The stock has a 50 day simple moving average of $53.69 and a 200-day simple moving average of $50.74.

Institutional Investors Weigh In On Invesco RAFI US 1000 ETF

Several large investors have recently bought and sold shares of PRF. Versant Capital Management Inc bought a new position in shares of Invesco RAFI US 1000 ETF in the 2nd quarter valued at about $31,000. MCF Advisors LLC increased 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 acquiring an additional 300 shares during the last quarter. Lodestone Wealth Management LLC purchased a new stake in Invesco RAFI US 1000 ETF during the fourth quarter valued at approximately $34,000. JPL Wealth Management LLC purchased a new stake in Invesco RAFI US 1000 ETF during the third quarter valued at approximately $35,000. Finally, Russell Investments Group Ltd. lifted 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.

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.