Parallel Advisors LLC Purchases New Shares in Invesco RAFI US 1000 ETF $PRF

Parallel Advisors LLC purchased a new position in Invesco RAFI US 1000 ETF (NYSEARCA:PRF) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 10,188 shares of the company’s stock, valued at approximately $555,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PRF. Bank of America Corp DE grew its position in Invesco RAFI US 1000 ETF by 0.8% in the first quarter. Bank of America Corp DE now owns 11,102,869 shares of the company’s stock valued at $527,719,000 after acquiring an additional 92,636 shares in the last quarter. Commonwealth Equity Services LLC purchased a new stake in shares of Invesco RAFI US 1000 ETF during the third quarter valued at approximately $148,753,000. D.A. Davidson & CO. acquired a new position in shares of Invesco RAFI US 1000 ETF during the third quarter worth $122,096,000. Royal Bank of Canada lifted its position in shares of Invesco RAFI US 1000 ETF by 2.9% during the first quarter. Royal Bank of Canada now owns 1,233,042 shares of the company’s stock worth $58,607,000 after purchasing an additional 34,227 shares in the last quarter. Finally, Cetera Investment Advisers lifted its position in shares of Invesco RAFI US 1000 ETF by 2.5% during the first quarter. Cetera Investment Advisers now owns 948,885 shares of the company’s stock worth $45,100,000 after purchasing an additional 22,749 shares in the last quarter.

Invesco RAFI US 1000 ETF Trading Down 0.4%

Shares of PRF stock opened at $56.54 on Friday. The company has a market capitalization of $10.17 billion, a PE ratio of 18.92 and a beta of 0.88. The firm has a fifty day simple moving average of $55.75 and a 200-day simple moving average of $52.96. Invesco RAFI US 1000 ETF has a twelve month low of $44.47 and a twelve month high of $57.29.

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.