Royal Bank of Canada Grows Stake in Invesco RAFI US 1000 ETF $PRF

Royal Bank of Canada lifted its holdings in shares of Invesco RAFI US 1000 ETF (NYSEARCA:PRF) by 2.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,233,042 shares of the company’s stock after acquiring an additional 34,227 shares during the period. Royal Bank of Canada owned 0.67% of Invesco RAFI US 1000 ETF worth $58,607,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Estate Counselors LLC purchased a new stake in shares of Invesco RAFI US 1000 ETF during the 1st quarter worth approximately $330,000. Quantinno Capital Management LP grew its position in shares of Invesco RAFI US 1000 ETF by 44.9% in the 1st quarter. Quantinno Capital Management LP now owns 213,570 shares of the company’s stock valued at $10,151,000 after buying an additional 66,221 shares during the last quarter. Gateway Wealth Partners LLC grew its position in shares of Invesco RAFI US 1000 ETF by 81.1% in the 1st quarter. Gateway Wealth Partners LLC now owns 34,636 shares of the company’s stock valued at $1,646,000 after buying an additional 15,512 shares during the last quarter. Renaissance Technologies LLC raised its stake in Invesco RAFI US 1000 ETF by 26.8% during the 1st quarter. Renaissance Technologies LLC now owns 29,800 shares of the company’s stock worth $1,416,000 after acquiring an additional 6,300 shares in the last quarter. Finally, Modern Wealth Management LLC raised its stake in Invesco RAFI US 1000 ETF by 6.5% during the 1st quarter. Modern Wealth Management LLC now owns 78,568 shares of the company’s stock worth $3,752,000 after acquiring an additional 4,797 shares in the last quarter.

Invesco RAFI US 1000 ETF Price Performance

Shares of PRF opened at $54.76 on Friday. Invesco RAFI US 1000 ETF has a 1-year low of $41.83 and a 1-year high of $55.06. The stock has a market cap of $9.79 billion, a PE ratio of 17.96 and a beta of 0.87. The firm has a fifty day moving average price of $54.01 and a 200 day moving average price of $51.10.

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.