Invesco RAFI US 1000 ETF (NYSEARCA:PRF) Reaches New 52-Week High – Time to Buy?

Invesco RAFI US 1000 ETF (NYSEARCA:PRFGet Free Report) reached a new 52-week high during trading on Wednesday . The stock traded as high as $52.17 and last traded at $52.09, with a volume of 1024077 shares trading hands. The stock had previously closed at $51.49.

Invesco RAFI US 1000 ETF Trading Down 0.9%

The stock has a market cap of $9.59 billion, a P/E ratio of 17.96 and a beta of 0.88. The company’s 50 day moving average price is $49.13 and its two-hundred day moving average price is $48.01.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. MCF Advisors LLC grew its position in shares of Invesco RAFI US 1000 ETF by 74.6% during the 4th quarter. MCF Advisors LLC now owns 702 shares of the company’s stock valued at $33,000 after acquiring an additional 300 shares during the period. Lodestone Wealth Management LLC bought a new position in Invesco RAFI US 1000 ETF in the 4th quarter worth $34,000. JPL Wealth Management LLC purchased a new position in Invesco RAFI US 1000 ETF during the third quarter valued at $35,000. Russell Investments Group Ltd. lifted its position in Invesco RAFI US 1000 ETF by 114.1% during the third quarter. Russell Investments Group Ltd. now owns 835 shares of the company’s stock valued at $38,000 after purchasing an additional 445 shares in the last quarter. Finally, Investment Research & Advisory Group Inc. grew its holdings in Invesco RAFI US 1000 ETF by 570.2% during the fourth quarter. Investment Research & Advisory Group Inc. now owns 878 shares of the company’s stock valued at $41,000 after purchasing an additional 747 shares during the period.

About Invesco RAFI US 1000 ETF

(Get Free Report)

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.

Further Reading

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