Commonwealth Equity Services LLC Boosts Stake in Invesco RAFI US 1000 ETF $PRF

Commonwealth Equity Services LLC lifted its position in Invesco RAFI US 1000 ETF (NYSEARCA:PRF) by 1.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,863,825 shares of the company’s stock after purchasing an additional 53,182 shares during the quarter. Commonwealth Equity Services LLC owned approximately 1.58% of Invesco RAFI US 1000 ETF worth $129,474,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in PRF. Bank of America Corp DE boosted its holdings in shares of Invesco RAFI US 1000 ETF by 1.6% in the second quarter. Bank of America Corp DE now owns 11,565,365 shares of the company’s stock valued at $488,868,000 after acquiring an additional 184,757 shares during the period. Ameriprise Financial Inc. grew its position in Invesco RAFI US 1000 ETF by 4.7% during the 2nd 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 last quarter. Envestnet Asset Management Inc. grew its position in Invesco RAFI US 1000 ETF by 0.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 4,719,038 shares of the company’s stock worth $199,474,000 after purchasing an additional 16,804 shares during the last quarter. Laurel Wealth Advisors LLC increased its stake in Invesco RAFI US 1000 ETF by 4,246.5% in the second quarter. Laurel Wealth Advisors LLC now owns 3,730,360 shares of the company’s stock valued at $157,682,000 after purchasing an additional 3,644,535 shares during the period. Finally, Invesco Ltd. raised its holdings in shares of Invesco RAFI US 1000 ETF by 0.6% in the second quarter. Invesco Ltd. now owns 3,186,528 shares of the company’s stock valued at $134,695,000 after buying an additional 18,381 shares during the last quarter.

Invesco RAFI US 1000 ETF Stock Performance

Shares of PRF opened at $47.31 on Monday. Invesco RAFI US 1000 ETF has a fifty-two week low of $34.98 and a fifty-two week high of $47.67. The firm has a 50-day simple moving average of $46.42 and a 200-day simple moving average of $44.73. The company has a market capitalization of $8.64 billion, a price-to-earnings ratio of 17.96 and a beta of 0.92.

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.