Grimes & Company Inc. Reduces Holdings in Invesco FTSE RAFI US 1000 ETF (NYSEARCA:PRF)

Grimes & Company Inc. trimmed its stake in Invesco FTSE RAFI US 1000 ETF (NYSEARCA:PRF) by 2.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 810,807 shares of the company’s stock after selling 17,521 shares during the period. Invesco FTSE RAFI US 1000 ETF accounts for about 0.9% of Grimes & Company Inc.’s investment portfolio, making the stock its 22nd biggest holding. Grimes & Company Inc. owned about 0.44% of Invesco FTSE RAFI US 1000 ETF worth $32,708,000 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 the stock. LexAurum Advisors LLC purchased a new stake in shares of Invesco FTSE RAFI US 1000 ETF in the 4th quarter worth about $203,000. RFG Advisory LLC lifted its position in shares of Invesco FTSE RAFI US 1000 ETF by 5.4% in the 4th quarter. RFG Advisory LLC now owns 6,300,762 shares of the company’s stock worth $254,173,000 after purchasing an additional 320,593 shares during the period. Cornerstone Wealth Management LLC lifted its position in shares of Invesco FTSE RAFI US 1000 ETF by 9.6% in the 4th quarter. Cornerstone Wealth Management LLC now owns 234,660 shares of the company’s stock worth $9,466,000 after purchasing an additional 20,494 shares during the period. Cedar Point Capital Partners LLC lifted its position in Invesco FTSE RAFI US 1000 ETF by 51.0% during the 4th quarter. Cedar Point Capital Partners LLC now owns 7,781 shares of the company’s stock valued at $314,000 after acquiring an additional 2,629 shares during the period. Finally, Janney Montgomery Scott LLC lifted its position in Invesco FTSE RAFI US 1000 ETF by 21.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 119,957 shares of the company’s stock valued at $4,839,000 after acquiring an additional 21,093 shares during the period.

Invesco FTSE RAFI US 1000 ETF Price Performance

Shares of NYSEARCA PRF opened at $42.10 on Friday. Invesco FTSE RAFI US 1000 ETF has a 1 year low of $35.36 and a 1 year high of $43.01. The stock has a market cap of $7.76 billion, a P/E ratio of 3.61 and a beta of 0.85. The firm has a 50-day moving average of $41.45 and a 200 day moving average of $40.46.

Invesco FTSE 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.