Invesco RAFI US 1000 ETF (NYSEARCA:PRF) Sets New 52-Week High – Time to Buy?

Invesco RAFI US 1000 ETF (NYSEARCA:PRF) reached a new 52-week high on Tuesday . The company traded as high as $56.18 and last traded at $56.10, with a volume of 32231 shares traded. The stock had previously closed at $56.06.

Invesco RAFI US 1000 ETF Stock Performance

The firm has a 50-day simple moving average of $54.28 and a two-hundred day simple moving average of $51.43. The company has a market capitalization of $10.03 billion, a price-to-earnings ratio of 17.96 and a beta of 0.87.

Institutional Investors Weigh In On Invesco RAFI US 1000 ETF

Several large investors have recently made changes to their positions in the company. Farther Finance Advisors LLC increased its stake in shares of Invesco RAFI US 1000 ETF by 796.9% during 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. 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. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Invesco RAFI US 1000 ETF by 2.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,868,856 shares of the company’s stock valued at $87,687,000 after purchasing an additional 53,271 shares during the last quarter. Boulder Wealth Advisors LLC boosted its holdings in Invesco RAFI US 1000 ETF by 6.1% in the fourth quarter. Boulder Wealth Advisors LLC now owns 488,182 shares of the company’s stock worth $22,905,000 after purchasing an additional 28,073 shares in the last quarter. Finally, Keybank National Association OH boosted its holdings in Invesco RAFI US 1000 ETF by 33.2% in the first quarter. Keybank National Association OH now owns 102,856 shares of the company’s stock worth $4,889,000 after purchasing an additional 25,612 shares in the last quarter.

About Invesco RAFI US 1000 ETF

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.