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

Shares of Invesco RAFI US 1000 ETF (NYSEARCA:PRF) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $46.49 and last traded at $46.49, with a volume of 13733 shares trading hands. The stock had previously closed at $46.25.

Invesco RAFI US 1000 ETF Stock Up 0.5%

The company has a 50-day moving average of $45.40 and a 200-day moving average of $43.53. The company has a market cap of $8.43 billion, a PE ratio of 17.96 and a beta of 0.92.

Hedge Funds Weigh In On Invesco RAFI US 1000 ETF

A number of hedge funds and other institutional investors have recently modified their holdings of PRF. Revolve Wealth Partners LLC bought a new stake in Invesco RAFI US 1000 ETF during the fourth quarter worth $469,000. AE Wealth Management LLC increased its position in shares of Invesco RAFI US 1000 ETF by 32.7% during the 1st quarter. AE Wealth Management LLC now owns 5,027 shares of the company’s stock valued at $203,000 after purchasing an additional 1,238 shares during the last quarter. Assetmark Inc. raised its stake in shares of Invesco RAFI US 1000 ETF by 912.5% during the 1st quarter. Assetmark Inc. now owns 4,212 shares of the company’s stock worth $170,000 after purchasing an additional 3,796 shares during the period. HB Wealth Management LLC boosted its holdings in shares of Invesco RAFI US 1000 ETF by 39.5% in the 1st quarter. HB Wealth Management LLC now owns 35,753 shares of the company’s stock worth $1,445,000 after buying an additional 10,122 shares during the last quarter. Finally, LPL Financial LLC boosted its holdings in shares of Invesco RAFI US 1000 ETF by 2.9% in the 1st quarter. LPL Financial LLC now owns 2,549,791 shares of the company’s stock worth $103,037,000 after buying an additional 72,457 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.