QRG Capital Management Inc. Invests $273,000 in Invesco RAFI US 1000 ETF $PRF

QRG Capital Management Inc. bought a new position in shares of Invesco RAFI US 1000 ETF (NYSEARCA:PRF) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 6,448 shares of the company’s stock, valued at approximately $273,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. increased its position in shares of Invesco RAFI US 1000 ETF by 3.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 24,407,637 shares of the company’s stock worth $986,313,000 after acquiring an additional 887,580 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Invesco RAFI US 1000 ETF by 6.2% in the first quarter. Ameriprise Financial Inc. now owns 7,010,953 shares of the company’s stock valued at $283,404,000 after purchasing an additional 406,790 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Invesco RAFI US 1000 ETF by 0.3% in the first quarter. PNC Financial Services Group Inc. now owns 5,273,261 shares of the company’s stock valued at $213,092,000 after purchasing an additional 16,056 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Invesco RAFI US 1000 ETF by 0.5% in the first quarter. Envestnet Asset Management Inc. now owns 4,702,234 shares of the company’s stock valued at $190,017,000 after purchasing an additional 23,395 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its holdings in shares of Invesco RAFI US 1000 ETF by 1.3% in the first quarter. Commonwealth Equity Services LLC now owns 2,713,443 shares of the company’s stock valued at $109,650,000 after purchasing an additional 35,110 shares during the last quarter.

Invesco RAFI US 1000 ETF Price Performance

Shares of PRF stock opened at $44.13 on Friday. The firm has a 50-day moving average of $44.35 and a 200-day moving average of $41.92. The company has a market cap of $8.03 billion, a P/E ratio of 17.96 and a beta of 1.00. Invesco RAFI US 1000 ETF has a one year low of $34.98 and a one year high of $45.79.

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.