Invesco RAFI US 1000 ETF (NYSEARCA:PRF) Sets New 52-Week High – What’s Next?

Invesco RAFI US 1000 ETF (NYSEARCA:PRF)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $54.65 and last traded at $54.61, with a volume of 22080 shares. The stock had previously closed at $54.46.

Invesco RAFI US 1000 ETF Price Performance

The business’s 50 day moving average price is $53.26 and its 200-day moving average price is $50.28. The company has a market cap of $9.67 billion, a P/E ratio of 17.96 and a beta of 0.87.

Institutional Investors Weigh In On Invesco RAFI US 1000 ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of PRF. Versant Capital Management Inc acquired a new position in Invesco RAFI US 1000 ETF in the second quarter worth $31,000. MCF Advisors LLC increased its stake in shares of Invesco RAFI US 1000 ETF by 74.6% in the fourth quarter. MCF Advisors LLC now owns 702 shares of the company’s stock valued at $33,000 after buying an additional 300 shares in the last quarter. Lodestone Wealth Management LLC acquired a new stake in shares of Invesco RAFI US 1000 ETF in the fourth quarter valued at $34,000. JPL Wealth Management LLC bought a new position in shares of Invesco RAFI US 1000 ETF in the third quarter valued at about $35,000. Finally, Russell Investments Group Ltd. raised its holdings in shares of Invesco RAFI US 1000 ETF by 114.1% in the third quarter. Russell Investments Group Ltd. now owns 835 shares of the company’s stock valued at $38,000 after buying an additional 445 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.