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

Invesco RAFI US 1000 ETF (NYSEARCA:PRF)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $54.89 and last traded at $54.83, with a volume of 17786 shares changing hands. The stock had previously closed at $54.61.

Invesco RAFI US 1000 ETF Stock Up 0.3%

The stock has a market cap of $9.79 billion, a PE ratio of 17.96 and a beta of 0.87. The business’s 50-day simple moving average is $53.69 and its 200-day simple moving average is $50.74.

Institutional Investors Weigh In On Invesco RAFI US 1000 ETF

Hedge funds have recently made changes to their positions in the company. JFS Wealth Advisors LLC boosted its stake in Invesco RAFI US 1000 ETF by 8.3% in the 2nd quarter. JFS Wealth Advisors LLC now owns 55,097 shares of the company’s stock worth $2,977,000 after purchasing an additional 4,245 shares in the last quarter. Allied Private Wealth LLC bought a new stake in Invesco RAFI US 1000 ETF during the 2nd quarter valued at about $49,000. Williams & Novak LLC raised its holdings in Invesco RAFI US 1000 ETF by 384.6% in the second quarter. Williams & Novak LLC now owns 28,618 shares of the company’s stock worth $1,546,000 after buying an additional 22,713 shares during the last quarter. Thrive Wealth Management LLC bought a new position in shares of Invesco RAFI US 1000 ETF in the second quarter worth approximately $203,000. Finally, GAMMA Investing LLC bought a new position in shares of Invesco RAFI US 1000 ETF in the second quarter worth approximately $50,000.

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.