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

Shares of Invesco RAFI US 1000 ETF (NYSEARCA:PRF) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $51.04 and last traded at $50.83, with a volume of 65797 shares traded. The stock had previously closed at $50.72.

Invesco RAFI US 1000 ETF Trading Up 0.1%

The company has a market cap of $9.35 billion, a P/E ratio of 17.96 and a beta of 0.88. The stock’s 50-day moving average price is $48.82 and its 200-day moving average price is $47.61.

Hedge Funds Weigh In On Invesco RAFI US 1000 ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. SJS Investment Consulting Inc. boosted its position in shares of Invesco RAFI US 1000 ETF by 34.5% during the 1st quarter. SJS Investment Consulting Inc. now owns 3,610 shares of the company’s stock worth $172,000 after purchasing an additional 925 shares in the last quarter. Intrua Financial LLC boosted its position in shares of Invesco RAFI US 1000 ETF by 13.8% during the 1st quarter. Intrua Financial LLC now owns 25,139 shares of the company’s stock worth $1,195,000 after purchasing an additional 3,054 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Invesco RAFI US 1000 ETF by 12.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 138,282 shares of the company’s stock worth $6,573,000 after acquiring an additional 14,882 shares during the last quarter. Sylvest Advisors LLC acquired a new stake in shares of Invesco RAFI US 1000 ETF in the 1st quarter worth about $518,000. Finally, Davidson Trust Co. raised its holdings in shares of Invesco RAFI US 1000 ETF by 13.6% in the 1st quarter. Davidson Trust Co. now owns 16,914 shares of the company’s stock worth $804,000 after acquiring an additional 2,022 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.