Modera Wealth Management LLC Sells 493 Shares of Invesco FTSE RAFI US 1000 ETF (NYSEARCA:PRF)

Modera Wealth Management LLC trimmed its holdings in shares of Invesco FTSE RAFI US 1000 ETF (NYSEARCA:PRF) by 1.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 41,533 shares of the company’s stock after selling 493 shares during the period. Modera Wealth Management LLC’s holdings in Invesco FTSE RAFI US 1000 ETF were worth $1,675,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Smartleaf Asset Management LLC acquired a new stake in shares of Invesco FTSE RAFI US 1000 ETF in the 4th quarter valued at approximately $34,000. Jacobi Capital Management LLC lifted its stake in Invesco FTSE RAFI US 1000 ETF by 3.4% in the fourth quarter. Jacobi Capital Management LLC now owns 54,484 shares of the company’s stock valued at $2,198,000 after acquiring an additional 1,811 shares during the last quarter. Noble Wealth Management PBC bought a new position in shares of Invesco FTSE RAFI US 1000 ETF in the 4th quarter valued at about $43,000. Linscomb Wealth Inc. grew its position in shares of Invesco FTSE RAFI US 1000 ETF by 0.6% in the 4th quarter. Linscomb Wealth Inc. now owns 2,071,849 shares of the company’s stock valued at $83,578,000 after acquiring an additional 11,993 shares during the period. Finally, Oppenheimer & Co. Inc. acquired a new position in shares of Invesco FTSE RAFI US 1000 ETF during the 4th quarter worth about $205,000.

Invesco FTSE RAFI US 1000 ETF Stock Performance

Shares of NYSEARCA:PRF opened at $41.58 on Tuesday. Invesco FTSE RAFI US 1000 ETF has a 52-week low of $36.36 and a 52-week high of $43.01. The company has a market capitalization of $7.63 billion, a P/E ratio of 18.98 and a beta of 1.00. The company has a 50-day simple moving average of $41.47 and a 200 day simple moving average of $41.07.

About Invesco FTSE 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.