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

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

Invesco RAFI US 1000 ETF Stock Performance

The stock has a market capitalization of $9.10 billion, a P/E ratio of 17.96 and a beta of 0.92. The stock has a 50-day moving average price of $47.93 and a two-hundred day moving average price of $45.87.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Lodestone Wealth Management LLC purchased a new position in shares of Invesco RAFI US 1000 ETF during the fourth quarter valued at about $34,000. JPL Wealth Management LLC bought a new stake in Invesco RAFI US 1000 ETF during the 3rd quarter valued at approximately $35,000. Russell Investments Group Ltd. grew its holdings in shares of Invesco RAFI US 1000 ETF by 114.1% during 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 period. Investment Research & Advisory Group Inc. raised its position 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 in the last quarter. Finally, Camelot Portfolios LLC purchased a new position in shares of Invesco RAFI US 1000 ETF in the 4th quarter valued at approximately $47,000.

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.