Invesco RAFI US 1000 ETF (NYSEARCA:PRF) Sets New 1-Year High – Time to Buy?

Invesco RAFI US 1000 ETF (NYSEARCA:PRF) reached a new 52-week high on Thursday . The company traded as high as $51.46 and last traded at $51.46, with a volume of 79103 shares traded. The stock had previously closed at $51.07.

Invesco RAFI US 1000 ETF Trading Up 1.4%

The company has a market capitalization of $9.54 billion, a price-to-earnings ratio of 17.96 and a beta of 0.88. The firm’s fifty day simple moving average is $48.93 and its two-hundred day simple moving average is $47.79.

Hedge Funds Weigh In On Invesco RAFI US 1000 ETF

Large investors have recently modified their holdings of the business. MCF Advisors LLC lifted its stake in shares of Invesco RAFI US 1000 ETF by 74.6% in the 4th quarter. MCF Advisors LLC now owns 702 shares of the company’s stock valued at $33,000 after purchasing an additional 300 shares during the last quarter. Lodestone Wealth Management LLC acquired a new position in shares of Invesco RAFI US 1000 ETF in the 4th quarter valued at $34,000. JPL Wealth Management LLC acquired a new position in shares of Invesco RAFI US 1000 ETF in the 3rd quarter valued at $35,000. Russell Investments Group Ltd. lifted its stake in shares of 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 valued at $38,000 after purchasing an additional 445 shares during the last quarter. Finally, Investment Research & Advisory Group Inc. lifted its stake in shares of 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 valued at $41,000 after purchasing an additional 747 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.