Cornerstone Wealth Management LLC acquired a new position in shares of Invesco RAFI US 1000 ETF (NYSEARCA:PRF – Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 448,371 shares of the company’s stock, valued at approximately $24,405,000. Invesco RAFI US 1000 ETF comprises about 1.0% of Cornerstone Wealth Management LLC’s investment portfolio, making the stock its 12th biggest position. Cornerstone Wealth Management LLC owned 0.25% of Invesco RAFI US 1000 ETF as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also made changes to their positions in the company. Commonwealth Equity Services LLC purchased a new position in shares of Invesco RAFI US 1000 ETF during the 3rd quarter worth about $148,753,000. D.A. Davidson & CO. acquired a new stake in shares of Invesco RAFI US 1000 ETF in the third quarter worth approximately $122,096,000. Garrett Wealth Advisory Group LLC purchased a new stake in Invesco RAFI US 1000 ETF in the third quarter valued at approximately $43,726,000. AlphaCore Capital LLC purchased a new stake in Invesco RAFI US 1000 ETF in the third quarter valued at approximately $40,230,000. Finally, GRIMES & Co WEALTH MANAGEMENT LLC acquired a new position in Invesco RAFI US 1000 ETF during the third quarter worth approximately $37,464,000.
Invesco RAFI US 1000 ETF Stock Performance
Shares of PRF stock opened at $56.33 on Wednesday. The firm has a market capitalization of $10.13 billion, a price-to-earnings ratio of 18.92 and a beta of 0.88. Invesco RAFI US 1000 ETF has a one year low of $44.47 and a one year high of $57.29. The company has a 50 day moving average price of $55.72 and a 200 day moving average price of $52.87.
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.
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