Saxon Interests Inc. Has $23.94 Million Stock Position in Invesco RAFI US 1000 ETF $PRF

Saxon Interests Inc. trimmed its stake in Invesco RAFI US 1000 ETF (NYSEARCA:PRF) by 2.3% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 503,630 shares of the company’s stock after selling 12,085 shares during the period. Invesco RAFI US 1000 ETF makes up about 8.2% of Saxon Interests Inc.’s investment portfolio, making the stock its biggest position. Saxon Interests Inc.’s holdings in Invesco RAFI US 1000 ETF were worth $23,938,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in PRF. MCF Advisors LLC raised its stake in shares of Invesco RAFI US 1000 ETF by 74.6% during the fourth quarter. MCF Advisors LLC now owns 702 shares of the company’s stock valued at $33,000 after acquiring an additional 300 shares in the last quarter. Lodestone Wealth Management LLC bought a new position in Invesco RAFI US 1000 ETF in the fourth quarter worth approximately $34,000. JPL Wealth Management LLC purchased a new position in Invesco RAFI US 1000 ETF during the 3rd quarter worth $35,000. Russell Investments Group Ltd. raised its position in Invesco RAFI US 1000 ETF by 114.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 835 shares of the company’s stock valued at $38,000 after purchasing an additional 445 shares in the last quarter. Finally, Investment Research & Advisory Group Inc. raised its position 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 in the last quarter.

Invesco RAFI US 1000 ETF Trading Down 0.2%

Shares of PRF stock opened at $54.35 on Wednesday. Invesco RAFI US 1000 ETF has a twelve month low of $41.83 and a twelve month high of $54.65. The stock has a market capitalization of $9.74 billion, a price-to-earnings ratio of 17.96 and a beta of 0.87. The stock has a fifty day simple moving average of $53.20 and a two-hundred day simple moving average of $50.23.

Invesco RAFI US 1000 ETF 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.