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

Invesco RAFI US 1000 ETF (NYSEARCA:PRFGet Free Report) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $53.63 and last traded at $53.54, with a volume of 266840 shares changing hands. The stock had previously closed at $53.51.

Invesco RAFI US 1000 ETF Price Performance

The firm has a market cap of $9.85 billion, a price-to-earnings ratio of 17.96 and a beta of 0.88. The firm has a 50 day moving average price of $50.25 and a 200-day moving average price of $48.71.

Hedge Funds Weigh In On Invesco RAFI US 1000 ETF

Large investors have recently made changes to their positions in the company. Fisher Asset Management LLC acquired a new position in shares of Invesco RAFI US 1000 ETF during the third quarter valued at $508,000. Farther Finance Advisors LLC lifted its stake in shares of Invesco RAFI US 1000 ETF by 796.9% during the fourth quarter. Farther Finance Advisors LLC now owns 34,422 shares of the company’s stock valued at $1,615,000 after acquiring an additional 30,584 shares during the period. Charter Capital Management LLC DE lifted its stake in shares of Invesco RAFI US 1000 ETF by 2.0% during the fourth quarter. Charter Capital Management LLC DE now owns 586,153 shares of the company’s stock valued at $27,502,000 after acquiring an additional 11,741 shares during the period. Guidance Capital Inc. lifted its stake in shares of Invesco RAFI US 1000 ETF by 14.2% during the third quarter. Guidance Capital Inc. now owns 90,898 shares of the company’s stock valued at $4,174,000 after acquiring an additional 11,278 shares during the period. Finally, Forteris Wealth Management Inc. acquired a new position in shares of Invesco RAFI US 1000 ETF during the fourth quarter valued at $3,428,000.

Invesco RAFI US 1000 ETF Company Profile

(Get Free Report)

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.

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