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

Invesco FTSE RAFI US 1000 ETF (NYSEARCA:PRF) shares hit a new 52-week high on Friday . The company traded as high as $43.01 and last traded at $43.01, with a volume of 56614 shares trading hands. The stock had previously closed at $42.77.

Invesco FTSE RAFI US 1000 ETF Trading Up 0.3 %

The firm has a market capitalization of $7.91 billion, a PE ratio of 3.61 and a beta of 0.85. The business’s 50 day simple moving average is $41.15 and its two-hundred day simple moving average is $39.53.

Institutional Investors Weigh In On Invesco FTSE RAFI US 1000 ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. World Investment Advisors LLC raised its stake in Invesco FTSE RAFI US 1000 ETF by 2.1% during the 3rd quarter. World Investment Advisors LLC now owns 269,843 shares of the company’s stock valued at $10,964,000 after buying an additional 5,514 shares during the last quarter. Goodman Advisory Group LLC bought a new stake in shares of Invesco FTSE RAFI US 1000 ETF during the 3rd quarter valued at $16,108,000. M&T Bank Corp bought a new stake in shares of Invesco FTSE RAFI US 1000 ETF during the 3rd quarter valued at $213,000. Geller Advisors LLC grew its position in shares of Invesco FTSE RAFI US 1000 ETF by 0.4% during the 3rd quarter. Geller Advisors LLC now owns 509,479 shares of the company’s stock valued at $20,700,000 after acquiring an additional 2,271 shares during the period. Finally, MML Investors Services LLC grew its position in shares of Invesco FTSE RAFI US 1000 ETF by 0.7% during the 3rd quarter. MML Investors Services LLC now owns 209,035 shares of the company’s stock valued at $8,493,000 after acquiring an additional 1,445 shares during the period.

Invesco FTSE 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.