Cornerstone Wealth Management LLC Boosts Holdings in Invesco FTSE RAFI US 1000 ETF (NYSEARCA:PRF)

Cornerstone Wealth Management LLC increased its holdings in Invesco FTSE RAFI US 1000 ETF (NYSEARCA:PRF) by 9.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 234,660 shares of the company’s stock after purchasing an additional 20,494 shares during the period. Cornerstone Wealth Management LLC owned 0.13% of Invesco FTSE RAFI US 1000 ETF worth $9,466,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in PRF. Bank of Montreal Can lifted its holdings in Invesco FTSE RAFI US 1000 ETF by 6.6% in the 2nd quarter. Bank of Montreal Can now owns 12,837 shares of the company’s stock worth $492,000 after purchasing an additional 790 shares in the last quarter. Insigneo Advisory Services LLC lifted its holdings in Invesco FTSE RAFI US 1000 ETF by 12.8% in the 2nd quarter. Insigneo Advisory Services LLC now owns 8,811 shares of the company’s stock worth $329,000 after purchasing an additional 1,001 shares in the last quarter. Toronto Dominion Bank purchased a new position in Invesco FTSE RAFI US 1000 ETF in the 2nd quarter worth approximately $59,000. SkyView Investment Advisors LLC lifted its holdings in Invesco FTSE RAFI US 1000 ETF by 5.2% in the 2nd quarter. SkyView Investment Advisors LLC now owns 19,415 shares of the company’s stock worth $737,000 after purchasing an additional 955 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in Invesco FTSE RAFI US 1000 ETF by 1.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,875,442 shares of the company’s stock worth $71,173,000 after purchasing an additional 23,345 shares in the last quarter.

Invesco FTSE RAFI US 1000 ETF Price Performance

Shares of PRF opened at $42.12 on Friday. The stock has a market capitalization of $7.77 billion, a price-to-earnings ratio of 3.61 and a beta of 0.85. Invesco FTSE RAFI US 1000 ETF has a 1 year low of $35.31 and a 1 year high of $43.01. The business’s 50 day simple moving average is $41.44 and its 200-day simple moving average is $40.43.

Invesco FTSE 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.