Invesco FTSE RAFI US 1000 ETF (NYSEARCA:PRF) Reaches New 1-Year High at $40.34

Invesco FTSE RAFI US 1000 ETF (NYSEARCA:PRF) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $40.34 and last traded at $40.33, with a volume of 26425 shares trading hands. The stock had previously closed at $40.06.

Invesco FTSE RAFI US 1000 ETF Price Performance

The company has a market cap of $7.39 billion, a price-to-earnings ratio of 3.61 and a beta of 0.85. The firm’s fifty day moving average price is $39.19 and its 200-day moving average price is $38.24.

Hedge Funds Weigh In On Invesco FTSE RAFI US 1000 ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Cannon Financial Strategists Inc. acquired a new stake in Invesco FTSE RAFI US 1000 ETF in the second quarter worth about $1,111,000. Ted Buchan & Co acquired a new stake in Invesco FTSE RAFI US 1000 ETF in the second quarter worth about $13,102,000. EP Wealth Advisors LLC lifted its holdings in Invesco FTSE RAFI US 1000 ETF by 72.8% in the second quarter. EP Wealth Advisors LLC now owns 23,672 shares of the company’s stock worth $898,000 after purchasing an additional 9,976 shares during the period. Traction Financial Partners LLC acquired a new stake in Invesco FTSE RAFI US 1000 ETF in the second quarter worth about $210,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in Invesco FTSE RAFI US 1000 ETF by 1.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,875,442 shares of the company’s stock worth $71,173,000 after purchasing an additional 23,345 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.