Invesco FTSE RAFI US 1000 ETF (NYSEARCA:PRF) Reaches New 12-Month High – Here’s What Happened

Invesco FTSE RAFI US 1000 ETF (NYSEARCA:PRF)’s share price hit a new 52-week high on Thursday . The stock traded as high as $41.40 and last traded at $41.38, with a volume of 33882 shares. The stock had previously closed at $41.33.

Invesco FTSE RAFI US 1000 ETF Stock Up 0.1 %

The stock has a fifty day simple moving average of $40.00 and a 200 day simple moving average of $38.69. The firm has a market capitalization of $7.62 billion, a P/E ratio of 3.61 and a beta of 0.85.

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 the stock. Rothschild Investment LLC purchased a new position in shares of Invesco FTSE RAFI US 1000 ETF during the second quarter valued at about $21,983,000. Cetera Investment Advisers increased its stake in Invesco FTSE RAFI US 1000 ETF by 337.7% in the 1st quarter. Cetera Investment Advisers now owns 622,795 shares of the company’s stock worth $23,959,000 after acquiring an additional 480,518 shares during the last quarter. RFG Advisory LLC raised its holdings in shares of Invesco FTSE RAFI US 1000 ETF by 7.3% during the 3rd quarter. RFG Advisory LLC now owns 5,980,169 shares of the company’s stock worth $242,974,000 after acquiring an additional 405,733 shares in the last quarter. Ted Buchan & Co bought a new position in shares of Invesco FTSE RAFI US 1000 ETF during the 2nd quarter valued at approximately $13,102,000. Finally, Kestra Advisory Services LLC grew its holdings in shares of Invesco FTSE RAFI US 1000 ETF by 22.1% in the first quarter. Kestra Advisory Services LLC now owns 1,623,078 shares of the company’s stock valued at $62,440,000 after purchasing an additional 294,193 shares in the last quarter.

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.