Commonwealth Equity Services LLC Makes New $148.75 Million Investment in Invesco RAFI US 1000 ETF $PRF

Commonwealth Equity Services LLC bought a new position in Invesco RAFI US 1000 ETF (NYSEARCA:PRF) in the 3rd quarter, Holdings Channel.com reports. The fund bought 2,732,920 shares of the company’s stock, valued at approximately $148,753,000.

Several other hedge funds also recently bought and sold shares of PRF. SC&H Financial Advisors Inc. bought a new stake in Invesco RAFI US 1000 ETF during the third quarter valued at about $671,000. Garrett Wealth Advisory Group LLC purchased a new position in shares of Invesco RAFI US 1000 ETF in the third quarter valued at about $43,726,000. Williams & Novak LLC boosted its stake in shares of Invesco RAFI US 1000 ETF by 384.6% in the second quarter. Williams & Novak LLC now owns 28,618 shares of the company’s stock worth $1,546,000 after acquiring an additional 22,713 shares during the period. Summit Place Financial Advisors LLC bought a new position in shares of Invesco RAFI US 1000 ETF in the third quarter worth about $1,089,000. Finally, West Financial Advisors LLC bought a new position in shares of Invesco RAFI US 1000 ETF in the third quarter worth about $1,916,000.

Invesco RAFI US 1000 ETF Stock Performance

Shares of NYSEARCA PRF opened at $55.31 on Friday. The company has a market cap of $9.95 billion, a P/E ratio of 18.92 and a beta of 0.88. Invesco RAFI US 1000 ETF has a 52-week low of $44.47 and a 52-week high of $57.29. The firm’s fifty day moving average is $55.73 and its two-hundred day moving average is $52.76.

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.