Stonebridge Financial Group LLC Trims Stock Position in Invesco RAFI US 1000 ETF $PRF

Stonebridge Financial Group LLC cut its stake in Invesco RAFI US 1000 ETF (NYSEARCA:PRF) by 12.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 265,962 shares of the company’s stock after selling 38,890 shares during the quarter. Invesco RAFI US 1000 ETF comprises about 1.1% of Stonebridge Financial Group LLC’s holdings, making the stock its 27th biggest holding. Stonebridge Financial Group LLC owned about 0.15% of Invesco RAFI US 1000 ETF worth $14,370,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Versant Capital Management Inc bought a new stake in shares of Invesco RAFI US 1000 ETF during the 2nd quarter valued at about $31,000. Diesslin Group Inc. bought a new position in Invesco RAFI US 1000 ETF in the second quarter worth about $351,000. Curry Webb Wealth Management LLC bought a new position in Invesco RAFI US 1000 ETF in the first quarter worth about $4,495,000. First Nebraska Trust Co purchased a new stake in Invesco RAFI US 1000 ETF in the first quarter worth about $371,000. Finally, Keel Point LLC lifted its holdings in Invesco RAFI US 1000 ETF by 256.1% in the first quarter. Keel Point LLC now owns 16,034 shares of the company’s stock worth $762,000 after buying an additional 11,531 shares during the period.

Invesco RAFI US 1000 ETF Stock Performance

Invesco RAFI US 1000 ETF stock opened at $55.29 on Tuesday. The stock’s 50 day simple moving average is $54.05 and its two-hundred day simple moving average is $51.17. The stock has a market cap of $9.89 billion, a price-to-earnings ratio of 17.96 and a beta of 0.87. Invesco RAFI US 1000 ETF has a fifty-two week low of $42.25 and a fifty-two week high of $55.30.

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.