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

Invesco RAFI US 1000 ETF (NYSEARCA:PRF)’s stock price reached a new 52-week high on Wednesday. The company traded as high as $56.90 and last traded at $56.7920, with a volume of 8,152 shares changing hands. The stock had previously closed at $55.92.

Invesco RAFI US 1000 ETF Stock Down 3.0%

The firm has a market cap of $9.95 billion, a PE ratio of 18.92 and a beta of 0.88. The firm’s 50 day moving average is $55.73 and its 200-day moving average is $52.76.

Institutional Investors Weigh In On Invesco RAFI US 1000 ETF

Several hedge funds have recently made changes to their positions in PRF. Ferguson Wellman Capital Management Inc. grew its holdings in Invesco RAFI US 1000 ETF by 5.2% during the 1st quarter. Ferguson Wellman Capital Management Inc. now owns 4,990 shares of the company’s stock valued at $237,000 after purchasing an additional 245 shares in the last quarter. IFP Advisors Inc lifted its holdings in Invesco RAFI US 1000 ETF by 1.9% in the 2nd quarter. IFP Advisors Inc now owns 24,302 shares of the company’s stock worth $1,313,000 after buying an additional 442 shares in the last quarter. KWB Wealth lifted its holdings in Invesco RAFI US 1000 ETF by 0.6% in the 3rd quarter. KWB Wealth now owns 70,078 shares of the company’s stock worth $3,814,000 after buying an additional 450 shares in the last quarter. Godsey & Gibb Inc. acquired a new position in Invesco RAFI US 1000 ETF in the 3rd quarter worth $25,000. Finally, Mascoma Wealth Management LLC acquired a new position in Invesco RAFI US 1000 ETF in the 3rd quarter worth $29,000.

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.