Invesco RAFI US 1000 ETF (NYSEARCA:PRF) Hits New 1-Year High – What’s Next?

Invesco RAFI US 1000 ETF (NYSEARCA:PRF)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $56.58 and last traded at $56.53, with a volume of 29684 shares changing hands. The stock had previously closed at $56.01.

Invesco RAFI US 1000 ETF Price Performance

The firm has a 50-day moving average of $54.60 and a 200-day moving average of $51.75. The stock has a market cap of $10.10 billion, a PE ratio of 17.96 and a beta of 0.87.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Revolve Wealth Partners LLC purchased a new stake in Invesco RAFI US 1000 ETF during the 4th quarter valued at approximately $469,000. AQR Capital Management LLC purchased a new position in shares of Invesco RAFI US 1000 ETF in the first quarter worth $1,316,000. Goldman Sachs Group Inc. purchased a new position in shares of Invesco RAFI US 1000 ETF in the first quarter worth $911,000. Franklin Resources Inc. bought a new position in shares of Invesco RAFI US 1000 ETF during the second quarter worth $101,000. Finally, Qube Research & Technologies Ltd boosted its position in shares of 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.

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.