Stonebridge Financial Group LLC Lowers Stock Position in Invesco RAFI US 1000 ETF $PRF

Stonebridge Financial Group LLC lessened its holdings in shares of Invesco RAFI US 1000 ETF (NYSEARCA:PRF) by 12.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 265,962 shares of the company’s stock after selling 38,890 shares during the period. Invesco RAFI US 1000 ETF accounts for approximately 1.1% of Stonebridge Financial Group LLC’s holdings, making the stock its 27th biggest position. Stonebridge Financial Group LLC’s holdings in Invesco RAFI US 1000 ETF were worth $14,370,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. increased its stake in shares of Invesco RAFI US 1000 ETF by 1,740.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 33,412,176 shares of the company’s stock worth $1,537,911,000 after acquiring an additional 31,596,591 shares in the last quarter. Focus Partners Wealth boosted its stake in Invesco RAFI US 1000 ETF by 367.4% during the fourth quarter. Focus Partners Wealth now owns 1,714,516 shares of the company’s stock worth $80,419,000 after acquiring an additional 1,347,696 shares in the last quarter. Boulder Wealth Advisors LLC bought a new stake in Invesco RAFI US 1000 ETF during the third quarter worth about $20,802,000. Goodman Advisory Group LLC purchased a new stake in Invesco RAFI US 1000 ETF in the fourth quarter worth about $19,644,000. Finally, Ameriprise Financial Inc. grew its holdings in Invesco RAFI US 1000 ETF by 4.7% in the second quarter. Ameriprise Financial Inc. now owns 7,343,268 shares of the company’s stock worth $310,447,000 after purchasing an additional 332,315 shares during the period.

Invesco RAFI US 1000 ETF Stock Performance

Shares of NYSEARCA PRF opened at $55.29 on Tuesday. The company has a 50 day simple moving average of $54.05 and a two-hundred day simple moving average of $51.17. Invesco RAFI US 1000 ETF has a fifty-two week low of $42.25 and a fifty-two week high of $55.30. The company has a market capitalization of $9.89 billion, a price-to-earnings ratio of 17.96 and a beta of 0.87.

Invesco RAFI US 1000 ETF Company 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.