Invesco RAFI US 1000 ETF (NYSEARCA:PRF) Hits New 12-Month High – Time to Buy?

Invesco RAFI US 1000 ETF (NYSEARCA:PRF)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $54.65 and last traded at $54.63, with a volume of 25709 shares traded. The stock had previously closed at $54.48.

Invesco RAFI US 1000 ETF Stock Performance

The stock’s fifty day simple moving average is $53.39 and its two-hundred day simple moving average is $50.38. The stock has a market capitalization of $9.77 billion, a P/E ratio of 17.96 and a beta of 0.87.

Institutional Trading of Invesco RAFI US 1000 ETF

A number of institutional investors and hedge funds have recently bought and sold shares of PRF. Versant Capital Management Inc bought a new position in Invesco RAFI US 1000 ETF during the 2nd quarter worth $31,000. MCF Advisors LLC lifted its holdings in Invesco RAFI US 1000 ETF by 74.6% during the 4th quarter. MCF Advisors LLC now owns 702 shares of the company’s stock worth $33,000 after buying an additional 300 shares during the period. Lodestone Wealth Management LLC bought a new stake in shares of Invesco RAFI US 1000 ETF in the 4th quarter valued at about $34,000. JPL Wealth Management LLC bought a new stake in shares of Invesco RAFI US 1000 ETF in the 3rd quarter valued at about $35,000. Finally, Russell Investments Group Ltd. increased its stake in shares of Invesco RAFI US 1000 ETF by 114.1% in the third quarter. Russell Investments Group Ltd. now owns 835 shares of the company’s stock valued at $38,000 after buying an additional 445 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.