Invesco RAFI US 1000 ETF (NYSEARCA:PRF) Reaches New 1-Year High – Here’s What Happened

Shares of Invesco RAFI US 1000 ETF (NYSEARCA:PRF) hit a new 52-week high on Wednesday . The company traded as high as $46.49 and last traded at $46.49, with a volume of 13733 shares. The stock had previously closed at $46.25.

Invesco RAFI US 1000 ETF Stock Performance

The firm has a market cap of $8.45 billion, a price-to-earnings ratio of 17.96 and a beta of 0.92. The stock’s 50 day simple moving average is $45.45 and its 200-day simple moving average is $43.58.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. lifted its position in Invesco RAFI US 1000 ETF by 3.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 24,407,637 shares of the company’s stock worth $986,313,000 after buying an additional 887,580 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Invesco RAFI US 1000 ETF by 1.6% during the second quarter. Bank of America Corp DE now owns 11,565,365 shares of the company’s stock worth $488,868,000 after purchasing an additional 184,757 shares during the last quarter. Ameriprise Financial Inc. increased its position in Invesco RAFI US 1000 ETF by 4.7% during the second quarter. Ameriprise Financial Inc. now owns 7,343,268 shares of the company’s stock worth $310,447,000 after buying an additional 332,315 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of Invesco RAFI US 1000 ETF by 0.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,273,261 shares of the company’s stock valued at $213,092,000 after acquiring an additional 16,056 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Invesco RAFI US 1000 ETF by 0.4% in the second quarter. Envestnet Asset Management Inc. now owns 4,719,038 shares of the company’s stock valued at $199,474,000 after buying an additional 16,804 shares during the last quarter.

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.