Invesco RAFI US 1000 ETF (NYSEARCA:PRF) Hits New 12-Month High – Here’s What Happened

Invesco RAFI US 1000 ETF (NYSEARCA:PRF)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $54.65 and last traded at $54.61, with a volume of 22080 shares trading hands. The stock had previously closed at $54.46.

Invesco RAFI US 1000 ETF Price Performance

The stock has a market capitalization of $9.75 billion, a P/E ratio of 17.96 and a beta of 0.87. The company’s 50 day simple moving average is $53.13 and its two-hundred day simple moving average is $50.18.

Hedge Funds Weigh In On Invesco RAFI US 1000 ETF

A number of large investors have recently modified their holdings of the stock. Farther Finance Advisors LLC raised its position in Invesco RAFI US 1000 ETF by 796.9% in 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 last quarter. Charter Capital Management LLC DE boosted its position 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 buying an additional 11,741 shares during the last quarter. Forteris Wealth Management Inc. acquired a new stake in shares of Invesco RAFI US 1000 ETF in the 4th quarter valued at $3,428,000. Seven Mile Advisory acquired a new stake in shares of Invesco RAFI US 1000 ETF in the 3rd quarter valued at $7,516,000. Finally, Boulder Wealth Advisors LLC raised its position in shares of Invesco RAFI US 1000 ETF by 6.1% during the fourth quarter. Boulder Wealth Advisors LLC now owns 488,182 shares of the company’s stock worth $22,905,000 after acquiring an additional 28,073 shares during 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.