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

Invesco RAFI US 1000 ETF (NYSEARCA:PRF)’s share price hit a new 52-week high during trading on Wednesday. The company traded as high as $56.90 and last traded at $56.7920, with a volume of 8,152 shares traded. The stock had previously closed at $55.92.

Invesco RAFI US 1000 ETF Stock Up 1.8%

The company’s fifty day moving average is $55.73 and its two-hundred day moving average is $52.69. The stock has a market cap of $10.24 billion, a price-to-earnings ratio of 17.96 and a beta of 0.88.

Institutional Investors Weigh In On Invesco RAFI US 1000 ETF

A number of large investors have recently modified their holdings of PRF. SC&H Financial Advisors Inc. purchased a new stake in shares of Invesco RAFI US 1000 ETF during the 3rd quarter worth $671,000. Garrett Wealth Advisory Group LLC purchased a new position in Invesco RAFI US 1000 ETF in the third quarter valued at $43,726,000. Williams & Novak LLC raised its stake in Invesco RAFI US 1000 ETF by 384.6% in the second quarter. Williams & Novak LLC now owns 28,618 shares of the company’s stock valued at $1,546,000 after buying an additional 22,713 shares in the last quarter. Summit Place Financial Advisors LLC acquired a new stake in Invesco RAFI US 1000 ETF in the third quarter valued at $1,089,000. Finally, West Financial Advisors LLC acquired a new stake in Invesco RAFI US 1000 ETF in the third quarter valued at $1,916,000.

About Invesco RAFI US 1000 ETF

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.