Invesco FTSE RAFI US 1000 ETF (NYSEARCA:PRF) Reaches New 1-Year High – Time to Buy?

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

Invesco FTSE RAFI US 1000 ETF Price Performance

The company has a 50 day moving average of $40.00 and a 200-day moving average of $38.69. The company has a market cap of $7.62 billion, a P/E ratio of 3.61 and a beta of 0.85.

Institutional Trading of Invesco FTSE RAFI US 1000 ETF

A number of large investors have recently modified their holdings of the business. Clearstead Trust LLC bought a new stake in shares of Invesco FTSE RAFI US 1000 ETF during the 1st quarter worth $25,000. Strategic Financial Concepts LLC purchased a new position in shares of Invesco FTSE RAFI US 1000 ETF in the 2nd quarter worth about $26,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Invesco FTSE RAFI US 1000 ETF during the 2nd quarter valued at about $26,000. Financial Synergies Wealth Advisors Inc. raised its holdings in shares of 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 buying an additional 761 shares in the last quarter. Finally, SYM FINANCIAL Corp purchased a new position in shares of Invesco FTSE RAFI US 1000 ETF during the 2nd quarter valued at about $52,000.

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.