McIlrath & Eck LLC Has $20.52 Million Stake in Invesco RAFI US 1000 ETF $PRF

McIlrath & Eck LLC reduced its stake in Invesco RAFI US 1000 ETF (NYSEARCA:PRF) by 4.9% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 453,808 shares of the company’s stock after selling 23,310 shares during the quarter. Invesco RAFI US 1000 ETF accounts for approximately 2.1% of McIlrath & Eck LLC’s investment portfolio, making the stock its 17th largest holding. McIlrath & Eck LLC’s holdings in Invesco RAFI US 1000 ETF were worth $20,517,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Laurel Wealth Advisors LLC raised its holdings in Invesco RAFI US 1000 ETF by 4,246.5% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,730,360 shares of the company’s stock valued at $157,682,000 after acquiring an additional 3,644,535 shares in the last quarter. Exchange Traded Concepts LLC acquired a new stake in shares of Invesco RAFI US 1000 ETF during the 2nd quarter worth $51,585,000. AlphaCore Capital LLC increased its position in shares of Invesco RAFI US 1000 ETF by 30,898.8% in the second quarter. AlphaCore Capital LLC now owns 905,165 shares of the company’s stock worth $38,261,000 after purchasing an additional 902,245 shares during the period. Charter Capital Management LLC DE acquired a new position in Invesco RAFI US 1000 ETF in the second quarter valued at about $23,683,000. Finally, Ameriprise Financial Inc. raised its stake in Invesco RAFI US 1000 ETF by 4.7% in the second quarter. Ameriprise Financial Inc. now owns 7,343,268 shares of the company’s stock valued at $310,447,000 after purchasing an additional 332,315 shares in the last quarter.

Invesco RAFI US 1000 ETF Stock Up 0.8%

Shares of Invesco RAFI US 1000 ETF stock opened at $48.13 on Wednesday. Invesco RAFI US 1000 ETF has a 12-month low of $34.98 and a 12-month high of $48.18. The company has a market capitalization of $8.79 billion, a price-to-earnings ratio of 17.96 and a beta of 0.92. The firm’s 50-day moving average price is $46.49 and its two-hundred day moving average price is $44.83.

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.