Invesco RAFI US 1000 ETF (NYSEARCA:PRF) Reaches New 52-Week High – Should You Buy?

Invesco RAFI US 1000 ETF (NYSEARCA:PRF) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $56.18 and last traded at $56.10, with a volume of 32231 shares. The stock had previously closed at $56.06.

Invesco RAFI US 1000 ETF Stock Performance

The stock has a 50 day moving average of $54.28 and a two-hundred day moving average of $51.43. The firm has a market capitalization of $10.03 billion, a P/E ratio of 17.96 and a beta of 0.87.

Institutional Trading of Invesco RAFI US 1000 ETF

Several large investors have recently modified their holdings of the company. Versant Capital Management Inc acquired a new position in Invesco RAFI US 1000 ETF in the 2nd quarter valued at $31,000. MCF Advisors LLC lifted its position 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 acquiring an additional 300 shares during the last quarter. JPL Wealth Management LLC bought a new stake in Invesco RAFI US 1000 ETF during the 3rd quarter valued at approximately $35,000. Russell Investments Group Ltd. boosted its stake in Invesco RAFI US 1000 ETF by 114.1% during 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 period. Finally, Howe & Rusling Inc. boosted its position in shares of Invesco RAFI US 1000 ETF by 100.9% in the fourth quarter. Howe & Rusling Inc. now owns 916 shares of the company’s stock valued at $43,000 after acquiring an additional 460 shares during the period.

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.