JPMorgan Chase & Co. Buys 38,936 Shares of Invesco RAFI US 1000 ETF $PRF

JPMorgan Chase & Co. increased its stake in Invesco RAFI US 1000 ETF (NYSEARCA:PRF) by 6.8% during the third quarter, Holdings Channel.com reports. The fund owned 612,637 shares of the company’s stock after buying an additional 38,936 shares during the period. JPMorgan Chase & Co.’s holdings in Invesco RAFI US 1000 ETF were worth $27,697,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Laurel Wealth Advisors LLC lifted its position in shares of 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 worth $157,682,000 after purchasing an additional 3,644,535 shares during the period. Berman McAleer LLC bought a new position in Invesco RAFI US 1000 ETF during the third quarter worth $70,352,000. AlphaCore Capital LLC raised its stake in Invesco RAFI US 1000 ETF by 30,898.8% during the second quarter. AlphaCore Capital LLC now owns 905,165 shares of the company’s stock worth $38,261,000 after buying an additional 902,245 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings 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 buying an additional 332,315 shares during the period. Finally, Bank of America Corp DE boosted its position in Invesco RAFI US 1000 ETF by 1.6% during the second quarter. Bank of America Corp DE now owns 11,565,365 shares of the company’s stock valued at $488,868,000 after acquiring an additional 184,757 shares during the last quarter.

Invesco RAFI US 1000 ETF Trading Down 0.1%

Shares of Invesco RAFI US 1000 ETF stock opened at $49.71 on Friday. The business has a 50-day moving average price of $48.66 and a two-hundred day moving average price of $46.52. Invesco RAFI US 1000 ETF has a 1-year low of $34.98 and a 1-year high of $50.31. The company has a market cap of $9.06 billion, a P/E ratio of 17.96 and a beta of 0.92.

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.