Principle Wealth Partners LLC Makes New $1.66 Million Investment in Invesco RAFI US 1000 ETF $PRF

Principle Wealth Partners LLC acquired a new position in shares of Invesco RAFI US 1000 ETF (NYSEARCA:PRF) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 30,570 shares of the company’s stock, valued at approximately $1,664,000.

A number of other hedge funds have also added to or reduced their stakes in PRF. Bank of America Corp DE increased its position in shares of Invesco RAFI US 1000 ETF by 0.8% during the first quarter. Bank of America Corp DE now owns 11,102,869 shares of the company’s stock valued at $527,719,000 after buying an additional 92,636 shares during the period. Commonwealth Equity Services LLC bought a new position in shares of Invesco RAFI US 1000 ETF in the third quarter valued at approximately $148,753,000. D.A. Davidson & CO. bought a new position in shares of Invesco RAFI US 1000 ETF in the third quarter valued at approximately $122,096,000. Royal Bank of Canada grew its stake in Invesco RAFI US 1000 ETF by 2.9% during the first quarter. Royal Bank of Canada now owns 1,233,042 shares of the company’s stock valued at $58,607,000 after acquiring an additional 34,227 shares in the last quarter. Finally, Cetera Investment Advisers grew its stake in Invesco RAFI US 1000 ETF by 2.5% during the first quarter. Cetera Investment Advisers now owns 948,885 shares of the company’s stock valued at $45,100,000 after acquiring an additional 22,749 shares in the last quarter.

Invesco RAFI US 1000 ETF Stock Down 0.3%

NYSEARCA:PRF traded down $0.14 during mid-day trading on Friday, hitting $55.17. 528,541 shares of the stock traded hands, compared to its average volume of 431,036. The business’s 50-day moving average price is $55.71 and its 200 day moving average price is $52.80. The company has a market cap of $9.92 billion, a PE ratio of 18.92 and a beta of 0.88. Invesco RAFI US 1000 ETF has a 12-month low of $44.47 and a 12-month high of $57.29.

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.