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

Invesco RAFI US 1000 ETF (NYSEARCA:PRF) reached a new 52-week high during trading on Tuesday . The stock traded as high as $54.90 and last traded at $54.84, with a volume of 49502 shares trading hands. The stock had previously closed at $54.59.

Invesco RAFI US 1000 ETF Stock Performance

The firm has a market capitalization of $9.82 billion, a PE ratio of 17.96 and a beta of 0.87. The stock’s 50 day simple moving average is $53.85 and its two-hundred day simple moving average is $50.93.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Versant Capital Management Inc purchased a new position in Invesco RAFI US 1000 ETF during the 2nd quarter valued at about $31,000. MCF Advisors LLC boosted its stake in shares of Invesco RAFI US 1000 ETF by 74.6% in the fourth 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 in the fourth quarter valued at approximately $34,000. JPL Wealth Management LLC acquired a new position in shares of Invesco RAFI US 1000 ETF in the third quarter valued at approximately $35,000. Finally, Russell Investments Group Ltd. increased 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 worth $38,000 after buying an additional 445 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.