Invesco RAFI US 1000 ETF (NYSEARCA:PRF) Sets New 52-Week High – Here’s Why

Invesco RAFI US 1000 ETF (NYSEARCA:PRF)’s share price hit a new 52-week high during trading on Friday . The company traded as high as $54.18 and last traded at $54.13, with a volume of 135743 shares. The stock had previously closed at $53.58.

Invesco RAFI US 1000 ETF Price Performance

The business has a 50 day moving average of $51.59 and a 200 day moving average of $49.32. The firm has a market capitalization of $9.96 billion, a price-to-earnings ratio of 17.96 and a beta of 0.87.

Hedge Funds Weigh In On Invesco RAFI US 1000 ETF

Several institutional investors and hedge funds have recently modified their holdings of PRF. MCF Advisors LLC grew its position 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 period. Lodestone Wealth Management LLC acquired a new position in shares of Invesco RAFI US 1000 ETF during the fourth quarter worth about $34,000. JPL Wealth Management LLC acquired a new position in shares of Invesco RAFI US 1000 ETF during the third quarter worth about $35,000. Russell Investments Group Ltd. boosted its position in shares of Invesco RAFI US 1000 ETF by 114.1% during the third 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 position in shares of Invesco RAFI US 1000 ETF by 570.2% during the fourth 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.

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.