Invesco RAFI US 1000 ETF (NYSEARCA:PRF) Hits New 1-Year High – What’s Next?

Shares of Invesco RAFI US 1000 ETF (NYSEARCA:PRF) reached a new 52-week high on Wednesday . The stock traded as high as $56.58 and last traded at $56.53, with a volume of 29684 shares. The stock had previously closed at $56.01.

Invesco RAFI US 1000 ETF Stock Up 0.8%

The stock has a market capitalization of $10.10 billion, a P/E ratio of 17.96 and a beta of 0.87. The business has a fifty day moving average price of $54.60 and a 200-day moving average price of $51.75.

Hedge Funds Weigh In On Invesco RAFI US 1000 ETF

A number of hedge funds have recently bought and sold shares of PRF. Revolve Wealth Partners LLC purchased a new position in shares of Invesco RAFI US 1000 ETF during the fourth quarter valued at approximately $469,000. AQR Capital Management LLC bought a new stake in Invesco RAFI US 1000 ETF in the 1st quarter worth approximately $1,316,000. Goldman Sachs Group Inc. purchased a new stake in Invesco RAFI US 1000 ETF during the 1st quarter valued at $911,000. Franklin Resources Inc. purchased a new stake in Invesco RAFI US 1000 ETF during the 2nd quarter valued at $101,000. Finally, Qube Research & Technologies Ltd raised its stake in Invesco RAFI US 1000 ETF by 237,600.0% during the 2nd quarter. Qube Research & Technologies Ltd now owns 11,885 shares of the company’s stock valued at $502,000 after buying an additional 11,880 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.