Garrett Wealth Advisory Group LLC Boosts Holdings in Invesco RAFI US 1000 ETF $PRF

Garrett Wealth Advisory Group LLC raised its position in Invesco RAFI US 1000 ETF (NYSEARCA:PRF) by 5.1% in the second quarter, HoldingsChannel.com reports. The fund owned 775,881 shares of the company’s stock after purchasing an additional 37,437 shares during the quarter. Invesco RAFI US 1000 ETF accounts for approximately 6.9% of Garrett Wealth Advisory Group LLC’s portfolio, making the stock its 4th biggest holding. Garrett Wealth Advisory Group LLC’s holdings in Invesco RAFI US 1000 ETF were worth $32,796,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of PRF. UMB Bank n.a. raised its holdings in shares of Invesco RAFI US 1000 ETF by 34.5% in the 2nd quarter. UMB Bank n.a. now owns 1,002 shares of the company’s stock valued at $42,000 after purchasing an additional 257 shares during the period. Rollins Financial Advisors LLC grew its holdings in Invesco RAFI US 1000 ETF by 0.3% during the first quarter. Rollins Financial Advisors LLC now owns 86,473 shares of the company’s stock worth $3,494,000 after purchasing an additional 258 shares during the period. Summit Financial Strategies Inc. increased its position in Invesco RAFI US 1000 ETF by 3.2% during the first quarter. Summit Financial Strategies Inc. now owns 9,536 shares of the company’s stock worth $385,000 after buying an additional 297 shares during the last quarter. AE Wealth Management LLC increased its position in Invesco RAFI US 1000 ETF by 5.9% during the second quarter. AE Wealth Management LLC now owns 5,326 shares of the company’s stock worth $225,000 after buying an additional 299 shares during the last quarter. Finally, Sovereign Financial Group Inc. raised its stake in Invesco RAFI US 1000 ETF by 1.4% in the second quarter. Sovereign Financial Group Inc. now owns 21,275 shares of the company’s stock valued at $899,000 after buying an additional 303 shares during the period.

Invesco RAFI US 1000 ETF Stock Down 0.1%

PRF opened at $45.06 on Thursday. Invesco RAFI US 1000 ETF has a 12-month low of $34.98 and a 12-month high of $46.48. The business has a 50 day moving average of $45.36 and a 200-day moving average of $43.34. The stock has a market cap of $8.17 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.