Pinnacle Financial Group LLC IL acquired a new stake in shares of Invesco RAFI US 1000 ETF (NYSEARCA:PRF – Free Report) during the third quarter, HoldingsChannel.com reports. The institutional investor acquired 647,428 shares of the company’s stock, valued at approximately $35,240,000. Invesco RAFI US 1000 ETF accounts for approximately 8.5% of Pinnacle Financial Group LLC IL’s investment portfolio, making the stock its biggest position.
A number of other large investors have also added to or reduced their stakes in the company. HB Wealth Management LLC increased its position in shares of Invesco RAFI US 1000 ETF by 0.7% during the first quarter. HB Wealth Management LLC now owns 35,994 shares of the company’s stock worth $1,711,000 after purchasing an additional 241 shares in the last quarter. Ferguson Wellman Capital Management Inc. increased its holdings in Invesco RAFI US 1000 ETF by 5.2% in the 1st quarter. Ferguson Wellman Capital Management Inc. now owns 4,990 shares of the company’s stock worth $237,000 after buying an additional 245 shares during the period. IFP Advisors Inc boosted its holdings in shares of Invesco RAFI US 1000 ETF by 1.9% in the 2nd quarter. IFP Advisors Inc now owns 24,302 shares of the company’s stock valued at $1,313,000 after acquiring an additional 442 shares during the last quarter. KWB Wealth boosted its holdings in shares of Invesco RAFI US 1000 ETF by 0.6% in the 3rd quarter. KWB Wealth now owns 70,078 shares of the company’s stock valued at $3,814,000 after acquiring an additional 450 shares during the last quarter. Finally, Godsey & Gibb Inc. purchased a new stake in shares of Invesco RAFI US 1000 ETF in the 3rd quarter valued at $25,000.
Invesco RAFI US 1000 ETF Price Performance
NYSEARCA:PRF opened at $56.13 on Monday. The firm has a market capitalization of $10.10 billion, a P/E ratio of 17.96 and a beta of 0.88. Invesco RAFI US 1000 ETF has a 1-year low of $44.47 and a 1-year high of $56.65. The company’s fifty day moving average price is $55.73 and its 200-day moving average price is $52.61.
Invesco RAFI US 1000 ETF Company 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.
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