166,242 Shares in Invesco RAFI US 1000 ETF $PRF Acquired by Seven Mile Advisory

Seven Mile Advisory bought a new position in Invesco RAFI US 1000 ETF (NYSEARCA:PRF) in the third quarter, HoldingsChannel.com reports. The institutional investor bought 166,242 shares of the company’s stock, valued at approximately $7,516,000. Invesco RAFI US 1000 ETF accounts for approximately 1.2% of Seven Mile Advisory’s investment portfolio, making the stock its 25th largest position.

Other institutional investors have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. boosted its holdings in shares of Invesco RAFI US 1000 ETF by 114.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 835 shares of the company’s stock worth $38,000 after buying an additional 445 shares in the last quarter. Financial Consulate Inc. bought a new stake in shares of Invesco RAFI US 1000 ETF in the 3rd quarter valued at $57,000. Steigerwald Gordon & Koch Inc. bought a new stake in shares of Invesco RAFI US 1000 ETF in the 3rd quarter valued at $57,000. Archer Investment Corp acquired a new position in shares of Invesco RAFI US 1000 ETF during the 2nd quarter valued at $100,000. Finally, Franklin Resources Inc. acquired a new position in shares of Invesco RAFI US 1000 ETF during the 2nd quarter valued at $101,000.

Invesco RAFI US 1000 ETF Stock Down 1.4%

Shares of NYSEARCA PRF opened at $47.72 on Friday. The firm has a market cap of $8.70 billion, a PE ratio of 17.96 and a beta of 0.92. The company’s fifty day simple moving average is $48.93 and its 200 day simple moving average is $46.82. Invesco RAFI US 1000 ETF has a 12-month low of $34.98 and a 12-month high of $50.31.

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.