Seven Mile Advisory Makes New Investment in Invesco RAFI US 1000 ETF $PRF

Seven Mile Advisory bought a new stake in Invesco RAFI US 1000 ETF (NYSEARCA:PRF) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 166,242 shares of the company’s stock, valued at approximately $7,516,000. Invesco RAFI US 1000 ETF comprises approximately 1.2% of Seven Mile Advisory’s investment portfolio, making the stock its 25th biggest position. Seven Mile Advisory owned 0.09% of Invesco RAFI US 1000 ETF as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in PRF. Laurel Wealth Advisors LLC grew its holdings in shares of Invesco RAFI US 1000 ETF by 4,246.5% during the second quarter. Laurel Wealth Advisors LLC now owns 3,730,360 shares of the company’s stock worth $157,682,000 after purchasing an additional 3,644,535 shares during the last quarter. Berman McAleer LLC bought a new position in Invesco RAFI US 1000 ETF in the 3rd quarter valued at approximately $70,352,000. AlphaCore Capital LLC boosted its position in Invesco RAFI US 1000 ETF by 30,898.8% during the 2nd quarter. AlphaCore Capital LLC now owns 905,165 shares of the company’s stock worth $38,261,000 after buying an additional 902,245 shares during the period. Ameriprise Financial Inc. boosted 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 buying an additional 332,315 shares during the period. Finally, Vestmark Advisory Solutions Inc. bought a new stake in Invesco RAFI US 1000 ETF during the 3rd quarter worth approximately $9,554,000.

Invesco RAFI US 1000 ETF Price Performance

PRF opened at $47.72 on Friday. Invesco RAFI US 1000 ETF has a fifty-two week low of $34.98 and a fifty-two week high of $50.31. The company’s 50 day moving average price is $48.93 and its two-hundred day moving average price is $46.82. The firm has a market capitalization of $8.70 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.