Invesco FTSE RAFI US 1000 ETF (NYSEARCA:PRF) Reaches New 1-Year High at $39.92

Shares of Invesco FTSE RAFI US 1000 ETF (NYSEARCA:PRF) reached a new 52-week high during trading on Friday . The stock traded as high as $39.92 and last traded at $39.84, with a volume of 82702 shares changing hands. The stock had previously closed at $39.40.

Invesco FTSE RAFI US 1000 ETF Price Performance

The stock’s 50-day moving average is $38.54 and its 200 day moving average is $37.78. The company has a market cap of $7.35 billion, a PE ratio of 3.61 and a beta of 0.85.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in PRF. Fortis Group Advisors LLC raised its position in Invesco FTSE RAFI US 1000 ETF by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 720 shares of the company’s stock worth $25,000 after acquiring an additional 360 shares during the period. Clearstead Trust LLC acquired a new stake in shares of Invesco FTSE RAFI US 1000 ETF in the first quarter worth approximately $25,000. Strategic Financial Concepts LLC acquired a new position in Invesco FTSE RAFI US 1000 ETF in the 2nd quarter valued at $26,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Invesco FTSE RAFI US 1000 ETF in the second quarter worth about $26,000. Finally, Financial Synergies Wealth Advisors Inc. grew its stake in Invesco FTSE RAFI US 1000 ETF by 510.7% during the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 910 shares of the company’s stock valued at $35,000 after acquiring an additional 761 shares in the last quarter.

About Invesco FTSE 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.