Invesco RAFI US 1000 ETF (NYSEARCA:PRF) Reaches New 1-Year High – Still a Buy?

Shares of Invesco RAFI US 1000 ETF (NYSEARCA:PRF) hit a new 52-week high on Tuesday . The stock traded as high as $50.08 and last traded at $49.93, with a volume of 449547 shares. The stock had previously closed at $50.00.

Invesco RAFI US 1000 ETF Price Performance

The firm has a market cap of $9.10 billion, a PE ratio of 17.96 and a beta of 0.92. The firm has a 50-day simple moving average of $47.93 and a 200 day simple moving average of $45.87.

Institutional Investors Weigh In On Invesco RAFI US 1000 ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Invesco RAFI US 1000 ETF by 1,740.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 33,412,176 shares of the company’s stock valued at $1,537,911,000 after purchasing an additional 31,596,591 shares during the last quarter. Bank of America Corp DE raised its stake in Invesco RAFI US 1000 ETF by 1.6% during the second quarter. Bank of America Corp DE now owns 11,565,365 shares of the company’s stock valued at $488,868,000 after buying an additional 184,757 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in Invesco RAFI US 1000 ETF by 4.7% in 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 in the last quarter. PNC Financial Services Group Inc. boosted its holdings in Invesco RAFI US 1000 ETF by 1.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,192,385 shares of the company’s stock worth $243,627,000 after acquiring an additional 97,185 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in shares of Invesco RAFI US 1000 ETF by 0.4% in the second quarter. Envestnet Asset Management Inc. now owns 4,719,038 shares of the company’s stock worth $199,474,000 after acquiring an additional 16,804 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.