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

Invesco FTSE RAFI US 1000 ETF (NYSEARCA:PRF)’s stock price hit a new 52-week high on Friday . The stock traded as high as $42.42 and last traded at $42.42, with a volume of 15075 shares changing hands. The stock had previously closed at $42.12.

Invesco FTSE RAFI US 1000 ETF Trading Up 0.6 %

The stock has a market cap of $7.82 billion, a price-to-earnings ratio of 3.61 and a beta of 0.85. The stock has a fifty day simple moving average of $40.89 and a 200-day simple moving average of $39.36.

Institutional Investors Weigh In On Invesco FTSE RAFI US 1000 ETF

A number of institutional investors have recently added to or reduced their stakes in PRF. GPS Wealth Strategies Group LLC raised its stake in shares of Invesco FTSE RAFI US 1000 ETF by 9.0% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 3,580 shares of the company’s stock valued at $136,000 after buying an additional 297 shares in the last quarter. OMNI 360 Wealth Inc. raised its position in Invesco FTSE RAFI US 1000 ETF by 0.8% in the second quarter. OMNI 360 Wealth Inc. now owns 36,670 shares of the company’s stock worth $1,392,000 after purchasing an additional 300 shares in the last quarter. CWM LLC lifted its stake in Invesco FTSE RAFI US 1000 ETF by 1.3% during the second quarter. CWM LLC now owns 24,370 shares of the company’s stock worth $925,000 after purchasing an additional 321 shares during the period. Wealthspire Advisors LLC boosted its holdings in Invesco FTSE RAFI US 1000 ETF by 4.4% during the second quarter. Wealthspire Advisors LLC now owns 7,719 shares of the company’s stock valued at $293,000 after purchasing an additional 323 shares in the last quarter. Finally, Coston McIsaac & Partners grew its stake in shares of Invesco FTSE RAFI US 1000 ETF by 31.1% in the 3rd quarter. Coston McIsaac & Partners now owns 1,475 shares of the company’s stock valued at $59,000 after purchasing an additional 350 shares during the period.

Invesco FTSE 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.