Waverly Advisors LLC Cuts Stock Holdings in Invesco RAFI US 1000 ETF $PRF

Waverly Advisors LLC reduced its stake in shares of Invesco RAFI US 1000 ETF (NYSEARCA:PRF) by 1.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,659,575 shares of the company’s stock after selling 43,645 shares during the quarter. Invesco RAFI US 1000 ETF makes up about 1.3% of Waverly Advisors LLC’s holdings, making the stock its 8th biggest holding. Waverly Advisors LLC owned about 1.99% of Invesco RAFI US 1000 ETF worth $173,940,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of PRF. Northwestern Mutual Wealth Management Co. boosted its position in shares of Invesco RAFI US 1000 ETF by 1,740.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 33,412,176 shares of the company’s stock valued at $1,537,911,000 after purchasing an additional 31,596,591 shares in the last quarter. Focus Partners Wealth boosted its holdings in shares of Invesco RAFI US 1000 ETF by 367.4% during the 4th quarter. Focus Partners Wealth now owns 1,714,516 shares of the company’s stock valued at $80,419,000 after buying an additional 1,347,696 shares in the last quarter. Boulder Wealth Advisors LLC purchased a new stake in shares of Invesco RAFI US 1000 ETF in the 3rd quarter worth about $20,802,000. Goodman Advisory Group LLC purchased a new stake in shares of Invesco RAFI US 1000 ETF in the 4th quarter worth about $19,644,000. Finally, Ameriprise Financial Inc. increased its stake in shares of Invesco RAFI US 1000 ETF by 4.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 7,343,268 shares of the company’s stock worth $310,447,000 after acquiring an additional 332,315 shares in the last quarter.

Invesco RAFI US 1000 ETF Stock Performance

PRF stock opened at $54.41 on Friday. The firm has a 50 day moving average price of $53.80 and a 200-day moving average price of $50.87. The firm has a market capitalization of $9.73 billion, a price-to-earnings ratio of 17.96 and a beta of 0.87. Invesco RAFI US 1000 ETF has a 52-week low of $41.83 and a 52-week high of $54.89.

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.