Invesco RAFI US 1000 ETF (NYSEARCA:PRF) Sets New 52-Week High – What’s Next?

Invesco RAFI US 1000 ETF (NYSEARCA:PRF)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $49.04 and last traded at $48.55, with a volume of 42863 shares traded. The stock had previously closed at $48.71.

Invesco RAFI US 1000 ETF Stock Performance

The firm has a 50 day simple moving average of $47.39 and a two-hundred day simple moving average of $45.49. The firm has a market capitalization of $8.90 billion, a P/E ratio of 17.96 and a beta of 0.92.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its position in shares of Invesco RAFI US 1000 ETF by 1.6% during the 2nd quarter. Bank of America Corp DE now owns 11,565,365 shares of the company’s stock worth $488,868,000 after buying an additional 184,757 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in Invesco RAFI US 1000 ETF by 4.7% during the second quarter. Ameriprise Financial Inc. now owns 7,343,268 shares of the company’s stock worth $310,447,000 after acquiring an additional 332,315 shares during the period. Envestnet Asset Management Inc. grew its stake in Invesco RAFI US 1000 ETF by 0.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 4,719,038 shares of the company’s stock valued at $199,474,000 after purchasing an additional 16,804 shares during the period. Laurel Wealth Advisors LLC increased its position in shares of Invesco RAFI US 1000 ETF by 4,246.5% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,730,360 shares of the company’s stock valued at $157,682,000 after purchasing an additional 3,644,535 shares during the last quarter. Finally, Invesco Ltd. increased its position in shares of Invesco RAFI US 1000 ETF by 0.6% during the 2nd quarter. Invesco Ltd. now owns 3,186,528 shares of the company’s stock valued at $134,695,000 after purchasing an additional 18,381 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.