Invesco RAFI US 1000 ETF (NYSEARCA:PRF) Hits New 1-Year High – Time to Buy?

Invesco RAFI US 1000 ETF (NYSEARCA:PRF) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $48.94 and last traded at $48.87, with a volume of 78991 shares. The stock had previously closed at $48.61.

Invesco RAFI US 1000 ETF Price Performance

The stock has a market capitalization of $8.94 billion, a price-to-earnings ratio of 17.96 and a beta of 0.92. The business has a fifty day moving average of $47.06 and a 200 day moving average of $45.28.

Hedge Funds Weigh In On Invesco RAFI US 1000 ETF

Several large investors have recently modified their holdings of PRF. Lodestone Wealth Management LLC acquired a new stake in shares of Invesco RAFI US 1000 ETF during the fourth quarter valued at about $34,000. JPL Wealth Management LLC purchased a new position in shares of Invesco RAFI US 1000 ETF during the 3rd quarter worth approximately $35,000. Russell Investments Group Ltd. increased its holdings in Invesco RAFI US 1000 ETF by 114.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 835 shares of the company’s stock valued at $38,000 after purchasing an additional 445 shares during the last quarter. Investment Research & Advisory Group Inc. increased its holdings in Invesco RAFI US 1000 ETF by 570.2% in the 4th 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 last quarter. Finally, UMB Bank n.a. raised its position in Invesco RAFI US 1000 ETF by 34.5% in the second quarter. UMB Bank n.a. now owns 1,002 shares of the company’s stock valued at $42,000 after purchasing an additional 257 shares during the period.

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.