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

Shares of Invesco RAFI US 1000 ETF (NYSEARCA:PRF) hit a new 52-week high on Thursday . The stock traded as high as $49.04 and last traded at $48.55, with a volume of 42863 shares trading hands. The stock had previously closed at $48.71.

Invesco RAFI US 1000 ETF Trading Down 0.1%

The company’s 50 day moving average is $47.55 and its 200-day moving average is $45.55. The stock has a market cap of $8.90 billion, a PE ratio of 17.96 and a beta of 0.92.

Institutional Investors Weigh In On Invesco RAFI US 1000 ETF

A number of hedge funds have recently bought and sold shares of PRF. Whipplewood Advisors LLC increased its stake in shares of Invesco RAFI US 1000 ETF by 0.8% in the third quarter. Whipplewood Advisors LLC now owns 32,982 shares of the company’s stock worth $1,491,000 after buying an additional 246 shares during the last quarter. Maridea Wealth Management LLC grew its holdings in Invesco RAFI US 1000 ETF by 2.5% during the 3rd quarter. Maridea Wealth Management LLC now owns 10,321 shares of the company’s stock worth $470,000 after acquiring an additional 247 shares in the last quarter. OMNI 360 Wealth Inc. increased its position in shares of Invesco RAFI US 1000 ETF by 1.0% in the 3rd quarter. OMNI 360 Wealth Inc. now owns 25,612 shares of the company’s stock worth $1,158,000 after purchasing an additional 266 shares during the last quarter. Bartlett & CO. Wealth Management LLC increased its position in shares of Invesco RAFI US 1000 ETF by 9.1% in the 3rd quarter. Bartlett & CO. Wealth Management LLC now owns 3,243 shares of the company’s stock worth $147,000 after purchasing an additional 270 shares during the last quarter. Finally, AE Wealth Management LLC lifted its position in shares of Invesco RAFI US 1000 ETF by 5.9% during the second quarter. AE Wealth Management LLC now owns 5,326 shares of the company’s stock worth $225,000 after purchasing an additional 299 shares during the last quarter.

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.