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

Invesco RAFI US 1000 ETF (NYSEARCA:PRF) reached a new 52-week high on Wednesday . The stock traded as high as $54.89 and last traded at $54.83, with a volume of 17786 shares trading hands. The stock had previously closed at $54.61.

Invesco RAFI US 1000 ETF Stock Performance

The stock has a fifty day moving average price of $53.76 and a 200-day moving average price of $50.84. The firm has a market cap of $9.68 billion, a PE ratio of 17.96 and a beta of 0.87.

Institutional Investors Weigh In On Invesco RAFI US 1000 ETF

Several institutional investors have recently bought and sold shares of PRF. Farther Finance Advisors LLC boosted its position in Invesco RAFI US 1000 ETF by 796.9% during the 4th quarter. Farther Finance Advisors LLC now owns 34,422 shares of the company’s stock worth $1,615,000 after purchasing an additional 30,584 shares during the period. Charter Capital Management LLC DE increased its holdings in Invesco RAFI US 1000 ETF by 2.0% in the 4th quarter. Charter Capital Management LLC DE now owns 586,153 shares of the company’s stock valued at $27,502,000 after purchasing an additional 11,741 shares in the last quarter. Forteris Wealth Management Inc. purchased a new position in Invesco RAFI US 1000 ETF in the fourth quarter valued at about $3,428,000. Boulder Wealth Advisors LLC raised its position in Invesco RAFI US 1000 ETF by 6.1% in the fourth quarter. Boulder Wealth Advisors LLC now owns 488,182 shares of the company’s stock valued at $22,905,000 after purchasing an additional 28,073 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its position in Invesco RAFI US 1000 ETF by 2.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,868,856 shares of the company’s stock valued at $87,687,000 after purchasing an additional 53,271 shares during the period.

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.