Flynn Zito Capital Management LLC Makes New Investment in Invesco RAFI US 1000 ETF $PRF

Flynn Zito Capital Management LLC purchased a new stake in Invesco RAFI US 1000 ETF (NYSEARCA:PRF) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 431,498 shares of the company’s stock, valued at approximately $23,486,000. Invesco RAFI US 1000 ETF comprises 6.2% of Flynn Zito Capital Management LLC’s investment portfolio, making the stock its largest position. Flynn Zito Capital Management LLC owned about 0.24% of Invesco RAFI US 1000 ETF at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in PRF. Bank of America Corp DE increased its stake in Invesco RAFI US 1000 ETF by 0.8% during the first quarter. Bank of America Corp DE now owns 11,102,869 shares of the company’s stock valued at $527,719,000 after purchasing an additional 92,636 shares during the last quarter. Commonwealth Equity Services LLC acquired a new position in shares of Invesco RAFI US 1000 ETF in the 3rd quarter valued at about $148,753,000. D.A. Davidson & CO. acquired a new position in shares of Invesco RAFI US 1000 ETF in the 3rd quarter valued at about $122,096,000. Royal Bank of Canada boosted its holdings in shares of Invesco RAFI US 1000 ETF by 2.9% in the 1st quarter. Royal Bank of Canada now owns 1,233,042 shares of the company’s stock valued at $58,607,000 after buying an additional 34,227 shares during the period. Finally, Cetera Investment Advisers grew its position in shares of Invesco RAFI US 1000 ETF by 2.5% during the 1st quarter. Cetera Investment Advisers now owns 948,885 shares of the company’s stock valued at $45,100,000 after buying an additional 22,749 shares during the last quarter.

Invesco RAFI US 1000 ETF Stock Up 2.1%

PRF opened at $56.34 on Tuesday. The company’s 50-day moving average price is $55.71 and its 200 day moving average price is $52.84. Invesco RAFI US 1000 ETF has a fifty-two week low of $44.47 and a fifty-two week high of $57.29. The firm has a market cap of $10.14 billion, a price-to-earnings ratio of 18.92 and a beta of 0.88.

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.