Northwestern Mutual Wealth Management Co. Purchases 31,596,591 Shares of Invesco RAFI US 1000 ETF $PRF

Northwestern Mutual Wealth Management Co. boosted its position in Invesco RAFI US 1000 ETF (NYSEARCA:PRF) by 1,740.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 33,412,176 shares of the company’s stock after purchasing an additional 31,596,591 shares during the period. Invesco RAFI US 1000 ETF comprises 0.8% of Northwestern Mutual Wealth Management Co.’s holdings, making the stock its 20th largest position. Northwestern Mutual Wealth Management Co. owned about 18.33% of Invesco RAFI US 1000 ETF worth $1,537,911,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of PRF. Lodestone Wealth Management LLC bought a new position in shares of Invesco RAFI US 1000 ETF during the 4th quarter worth approximately $34,000. JPL Wealth Management LLC bought a new stake in Invesco RAFI US 1000 ETF in the 3rd quarter valued at $35,000. Russell Investments Group Ltd. raised its stake in Invesco RAFI US 1000 ETF by 114.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 835 shares of the company’s stock valued at $38,000 after acquiring an additional 445 shares during the period. Investment Research & Advisory Group Inc. lifted its holdings in Invesco RAFI US 1000 ETF by 570.2% during the 4th quarter. Investment Research & Advisory Group Inc. now owns 878 shares of the company’s stock valued at $41,000 after purchasing an additional 747 shares during the last quarter. Finally, Camelot Portfolios LLC acquired a new stake in Invesco RAFI US 1000 ETF during the 4th quarter valued at $47,000.

Invesco RAFI US 1000 ETF Price Performance

PRF stock opened at $52.23 on Friday. Invesco RAFI US 1000 ETF has a one year low of $39.89 and a one year high of $52.97. The stock has a market cap of $9.61 billion, a price-to-earnings ratio of 17.96 and a beta of 0.88. The company has a fifty day moving average price of $49.49 and a two-hundred day moving average price of $48.28.

About Invesco 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.