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

Invesco RAFI US 1000 ETF (NYSEARCA:PRF)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $52.17 and last traded at $52.09, with a volume of 1024077 shares. The stock had previously closed at $51.49.

Invesco RAFI US 1000 ETF Stock Performance

The company has a market cap of $9.59 billion, a P/E ratio of 17.96 and a beta of 0.88. The firm’s fifty day moving average is $49.02 and its two-hundred day moving average is $47.90.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of PRF. MCF Advisors LLC boosted its holdings in Invesco RAFI US 1000 ETF by 74.6% in 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 position in Invesco RAFI US 1000 ETF in the 4th quarter worth $34,000. JPL Wealth Management LLC bought a new position in Invesco RAFI US 1000 ETF in the 3rd quarter worth $35,000. Russell Investments Group Ltd. boosted 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 worth $38,000 after buying an additional 445 shares during the period. Finally, Investment Research & Advisory Group Inc. boosted 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 worth $41,000 after buying an additional 747 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.