Invesco RAFI US 1000 ETF (NYSEARCA:PRF) Reaches New 1-Year High – Here’s Why

Invesco RAFI US 1000 ETF (NYSEARCA:PRF) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $52.76 and last traded at $52.62, with a volume of 528163 shares. The stock had previously closed at $52.57.

Invesco RAFI US 1000 ETF Stock Up 0.1%

The company has a market capitalization of $9.68 billion, a PE ratio of 17.96 and a beta of 0.88. The stock’s fifty day simple moving average is $49.25 and its 200-day simple moving average is $48.11.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in PRF. Revolve Wealth Partners LLC purchased a new position in Invesco RAFI US 1000 ETF in the fourth quarter valued at about $469,000. AQR Capital Management LLC acquired a new stake in Invesco RAFI US 1000 ETF during the first quarter worth approximately $1,316,000. Goldman Sachs Group Inc. acquired a new stake in Invesco RAFI US 1000 ETF during the first quarter worth approximately $911,000. Franklin Resources Inc. acquired a new stake in Invesco RAFI US 1000 ETF during the second quarter worth approximately $101,000. Finally, Qube Research & Technologies Ltd boosted its position in 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 acquiring an additional 11,880 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.