Invesco RAFI US 1000 ETF (NYSEARCA:PRF) Sets New 12-Month High – Still a Buy?

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

Invesco RAFI US 1000 ETF Stock Performance

The firm’s fifty day simple moving average is $53.94 and its 200 day simple moving average is $51.03. The stock has a market capitalization of $9.74 billion, a price-to-earnings ratio of 17.96 and a beta of 0.87.

Institutional Investors Weigh In On Invesco RAFI US 1000 ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Revolve Wealth Partners LLC bought a new position in Invesco RAFI US 1000 ETF during the 4th quarter worth about $469,000. AQR Capital Management LLC acquired a new position in shares of Invesco RAFI US 1000 ETF during the first quarter worth about $1,316,000. Goldman Sachs Group Inc. acquired a new position in shares of Invesco RAFI US 1000 ETF during the first quarter worth about $911,000. Franklin Resources Inc. acquired a new position in shares of Invesco RAFI US 1000 ETF during the second quarter worth about $101,000. Finally, Qube Research & Technologies Ltd grew its holdings in shares of Invesco RAFI US 1000 ETF by 237,600.0% during the second quarter. Qube Research & Technologies Ltd now owns 11,885 shares of the company’s stock worth $502,000 after buying an additional 11,880 shares in 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.