Invesco RAFI US 1000 ETF (NYSEARCA:PRF) Sets New 12-Month High – Here’s Why

Shares of Invesco RAFI US 1000 ETF (NYSEARCA:PRF) hit a new 52-week high during trading on Tuesday . The company traded as high as $48.58 and last traded at $48.44, with a volume of 12949 shares trading hands. The stock had previously closed at $48.44.

Invesco RAFI US 1000 ETF Price Performance

The stock has a fifty day simple moving average of $46.69 and a two-hundred day simple moving average of $45.01. The firm has a market capitalization of $8.84 billion, a P/E ratio of 17.96 and a beta of 0.92.

Institutional Investors Weigh In On Invesco RAFI US 1000 ETF

A number of large investors have recently bought and sold shares of the stock. Laurel Wealth Advisors LLC lifted its holdings in Invesco RAFI US 1000 ETF by 4,246.5% during the second quarter. Laurel Wealth Advisors LLC now owns 3,730,360 shares of the company’s stock valued at $157,682,000 after purchasing an additional 3,644,535 shares during the last quarter. Berman McAleer LLC bought a new position in Invesco RAFI US 1000 ETF during the 3rd quarter valued at approximately $70,352,000. Exchange Traded Concepts LLC purchased a new stake in Invesco RAFI US 1000 ETF in the second quarter worth $51,585,000. AlphaCore Capital LLC lifted its position in shares of Invesco RAFI US 1000 ETF by 30,898.8% in the 2nd quarter. AlphaCore Capital LLC now owns 905,165 shares of the company’s stock worth $38,261,000 after purchasing an additional 902,245 shares during the period. Finally, Charter Capital Management LLC DE bought a new stake in shares of Invesco RAFI US 1000 ETF during the second quarter valued at approximately $23,683,000.

Invesco RAFI US 1000 ETF Company Profile

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.