HighTower Advisors LLC Raises Stock Position in Invesco RAFI US 1000 ETF $PRF

HighTower Advisors LLC lifted its position in shares of Invesco RAFI US 1000 ETF (NYSEARCA:PRF) by 3.3% during the 3rd quarter, Holdings Channel.com reports. The fund owned 633,867 shares of the company’s stock after buying an additional 20,482 shares during the period. HighTower Advisors LLC’s holdings in Invesco RAFI US 1000 ETF were worth $28,657,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of PRF. Steigerwald Gordon & Koch Inc. purchased a new stake in Invesco RAFI US 1000 ETF during the third quarter worth $57,000. Financial Consulate Inc. acquired a new position in shares of Invesco RAFI US 1000 ETF during the 3rd quarter worth $57,000. Archer Investment Corp purchased a new stake in shares of Invesco RAFI US 1000 ETF in the 2nd quarter worth about $100,000. Franklin Resources Inc. acquired a new stake in Invesco RAFI US 1000 ETF in the 2nd quarter valued at about $101,000. Finally, GHP Investment Advisors Inc. increased its holdings in Invesco RAFI US 1000 ETF by 28.3% during the 2nd quarter. GHP Investment Advisors Inc. now owns 2,438 shares of the company’s stock valued at $103,000 after acquiring an additional 538 shares in the last quarter.

Invesco RAFI US 1000 ETF Trading Up 0.5%

Shares of PRF opened at $49.69 on Thursday. Invesco RAFI US 1000 ETF has a 12-month low of $34.98 and a 12-month high of $50.31. The stock has a market cap of $9.06 billion, a P/E ratio of 17.96 and a beta of 0.92. The company has a 50-day moving average of $48.31 and a two-hundred day moving average of $46.18.

Invesco RAFI US 1000 ETF 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.