Bouvel Investment Partners LLC Buys New Position in Invesco RAFI US 1000 ETF $PRF

Bouvel Investment Partners LLC purchased a new position in shares of Invesco RAFI US 1000 ETF (NYSEARCA:PRF) during the third quarter, HoldingsChannel.com reports. The institutional investor purchased 176,416 shares of the company’s stock, valued at approximately $9,602,000. Invesco RAFI US 1000 ETF comprises about 2.3% of Bouvel Investment Partners LLC’s investment portfolio, making the stock its 14th largest position.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fermata Advisors LLC acquired a new position in Invesco RAFI US 1000 ETF in the third quarter worth $285,000. Montz Harcus Wealth Management LLC increased its stake in shares of Invesco RAFI US 1000 ETF by 2.7% in the third quarter. Montz Harcus Wealth Management LLC now owns 354,137 shares of the company’s stock valued at $19,276,000 after buying an additional 9,387 shares in the last quarter. Williams & Novak Wealth Management LLC increased its stake in shares of Invesco RAFI US 1000 ETF by 24.0% in the third quarter. Williams & Novak Wealth Management LLC now owns 35,499 shares of the company’s stock valued at $1,932,000 after buying an additional 6,881 shares in the last quarter. Wedmont Private Capital bought a new position in shares of Invesco RAFI US 1000 ETF in the third quarter valued at about $551,000. Finally, Intelligence Driven Advisers LLC bought a new position in shares of Invesco RAFI US 1000 ETF in the third quarter valued at about $7,160,000.

Invesco RAFI US 1000 ETF Trading Up 0.2%

NYSEARCA PRF traded up $0.09 on Tuesday, hitting $55.84. 257,885 shares of the company were exchanged, compared to its average volume of 442,911. The firm has a 50 day moving average of $55.72 and a two-hundred day moving average of $53.58. The company has a market cap of $10.05 billion, a P/E ratio of 17.96 and a beta of 0.88. Invesco RAFI US 1000 ETF has a 1-year low of $44.30 and a 1-year high of $56.65.

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.