Principle Wealth Partners LLC Acquires 30,570 Shares of Invesco RAFI US 1000 ETF $PRF

Principle Wealth Partners LLC bought a new position in shares of Invesco RAFI US 1000 ETF (NYSEARCA:PRF) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 30,570 shares of the company’s stock, valued at approximately $1,664,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PRF. Kestra Advisory Services LLC purchased a new position in Invesco RAFI US 1000 ETF in the third quarter worth $4,513,000. Claro Advisors Inc. bought a new position in Invesco RAFI US 1000 ETF in the third quarter valued at $447,000. Commonwealth Equity Services LLC bought a new position in Invesco RAFI US 1000 ETF in the third quarter valued at $148,753,000. Chicago Partners Investment Group LLC bought a new position in Invesco RAFI US 1000 ETF in the third quarter valued at $817,000. Finally, City of London Investment Management Co. Ltd. raised its position in Invesco RAFI US 1000 ETF by 130.4% during the third quarter. City of London Investment Management Co. Ltd. now owns 22,360 shares of the company’s stock valued at $1,217,000 after purchasing an additional 12,656 shares in the last quarter.

Invesco RAFI US 1000 ETF Price Performance

NYSEARCA PRF traded down $0.14 during trading hours on Friday, reaching $55.17. 528,541 shares of the stock traded hands, compared to its average volume of 431,036. The stock has a 50 day simple moving average of $55.71 and a two-hundred day simple moving average of $52.80. Invesco RAFI US 1000 ETF has a 1 year low of $44.47 and a 1 year high of $57.29. The company has a market cap of $9.92 billion, a price-to-earnings ratio of 18.92 and a beta of 0.88.

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.