Invesco RAFI US 1000 ETF (NYSEARCA:PRF) Reaches New 12-Month High – Time to Buy?

Invesco RAFI US 1000 ETF (NYSEARCA:PRFGet Free Report)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $55.09 and last traded at $55.05, with a volume of 15646 shares. The stock had previously closed at $54.76.

Invesco RAFI US 1000 ETF Price Performance

The company’s 50 day simple moving average is $54.01 and its 200 day simple moving average is $51.12. The company has a market capitalization of $9.87 billion, a PE ratio of 17.96 and a beta of 0.87.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of PRF. Versant Capital Management Inc acquired a new position in shares of Invesco RAFI US 1000 ETF during the second quarter worth about $31,000. MCF Advisors LLC increased its position in Invesco RAFI US 1000 ETF by 74.6% during the fourth quarter. MCF Advisors LLC now owns 702 shares of the company’s stock worth $33,000 after buying an additional 300 shares in the last quarter. JPL Wealth Management LLC acquired a new position in shares of Invesco RAFI US 1000 ETF in the third quarter worth $35,000. Russell Investments Group Ltd. lifted its position in shares of Invesco RAFI US 1000 ETF by 114.1% in the third quarter. Russell Investments Group Ltd. now owns 835 shares of the company’s stock valued at $38,000 after acquiring an additional 445 shares in the last quarter. Finally, Howe & Rusling Inc. boosted its stake in shares of Invesco RAFI US 1000 ETF by 100.9% during the fourth quarter. Howe & Rusling Inc. now owns 916 shares of the company’s stock valued at $43,000 after acquiring an additional 460 shares during the last quarter.

About Invesco RAFI US 1000 ETF

(Get Free Report)

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.

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