Invesco RAFI US 1000 ETF (NYSEARCA:PRF) Hits New 1-Year High – Should You Buy?

Shares of Invesco RAFI US 1000 ETF (NYSEARCA:PRF) hit a new 52-week high during trading on Thursday . The stock traded as high as $53.63 and last traded at $53.54, with a volume of 266840 shares. The stock had previously closed at $53.51.

Invesco RAFI US 1000 ETF Stock Up 0.1%

The firm has a fifty day moving average price of $50.25 and a 200 day moving average price of $48.71. The company has a market cap of $9.85 billion, a P/E ratio of 17.96 and a beta of 0.88.

Institutional Trading of Invesco RAFI US 1000 ETF

Several large investors have recently made changes to their positions in PRF. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Invesco RAFI US 1000 ETF by 1,740.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 33,412,176 shares of the company’s stock worth $1,537,911,000 after purchasing an additional 31,596,591 shares during the last quarter. Berman McAleer LLC bought a new stake in shares of Invesco RAFI US 1000 ETF during the third quarter worth $70,352,000. Focus Partners Wealth grew its holdings in shares of Invesco RAFI US 1000 ETF by 367.4% during the fourth quarter. Focus Partners Wealth now owns 1,714,516 shares of the company’s stock worth $80,419,000 after purchasing an additional 1,347,696 shares during the last quarter. Boulder Wealth Advisors LLC bought a new stake in shares of Invesco RAFI US 1000 ETF during the third quarter worth $20,802,000. Finally, Goodman Advisory Group LLC bought a new stake in shares of Invesco RAFI US 1000 ETF during the fourth quarter worth $19,644,000.

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.