Invesco RAFI US 1000 ETF $PRF Stock Position Cut by Waverly Advisors LLC

Waverly Advisors LLC cut its stake in shares of Invesco RAFI US 1000 ETF (NYSEARCA:PRF) by 1.2% in the first quarter, Holdings Channel.com reports. The institutional investor owned 3,659,575 shares of the company’s stock after selling 43,645 shares during the quarter. Invesco RAFI US 1000 ETF makes up about 1.3% of Waverly Advisors LLC’s holdings, making the stock its 8th largest holding. Waverly Advisors LLC’s holdings in Invesco RAFI US 1000 ETF were worth $173,940,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. grew its stake in shares of Invesco RAFI US 1000 ETF by 1,740.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 33,412,176 shares of the company’s stock valued at $1,537,911,000 after purchasing an additional 31,596,591 shares during the period. Bank of America Corp DE lifted its stake in shares of Invesco RAFI US 1000 ETF by 1.6% in the 2nd quarter. Bank of America Corp DE now owns 11,565,365 shares of the company’s stock worth $488,868,000 after purchasing an additional 184,757 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Invesco RAFI US 1000 ETF by 4.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 7,343,268 shares of the company’s stock worth $310,447,000 after purchasing an additional 332,315 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of Invesco RAFI US 1000 ETF by 1.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,192,385 shares of the company’s stock worth $243,627,000 after buying an additional 97,185 shares during the last quarter. Finally, Mariner LLC boosted its holdings in shares of Invesco RAFI US 1000 ETF by 1.8% in the fourth quarter. Mariner LLC now owns 3,135,416 shares of the company’s stock worth $147,117,000 after buying an additional 54,954 shares during the last quarter.

Invesco RAFI US 1000 ETF Price Performance

NYSEARCA:PRF opened at $54.41 on Friday. The firm has a market capitalization of $9.73 billion, a price-to-earnings ratio of 17.96 and a beta of 0.87. Invesco RAFI US 1000 ETF has a one year low of $41.83 and a one year high of $54.89. The business has a fifty day moving average price of $53.80 and a 200-day moving average price of $50.87.

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.