NewEdge Advisors LLC lessened its stake in Pimco Rafi Esg U.S. Etf (NYSEARCA:RAFE – Free Report) by 26.9% in the first quarter, HoldingsChannel reports. The firm owned 36,163 shares of the company’s stock after selling 13,334 shares during the period. NewEdge Advisors LLC’s holdings in Pimco Rafi Esg U.S. Etf were worth $1,505,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in RAFE. Royal Bank of Canada bought a new position in shares of Pimco Rafi Esg U.S. Etf during the 1st quarter valued at $153,000. Cetera Investment Advisers grew its holdings in shares of Pimco Rafi Esg U.S. Etf by 0.9% in the first quarter. Cetera Investment Advisers now owns 66,960 shares of the company’s stock worth $2,786,000 after acquiring an additional 624 shares during the period. Bank of New York Mellon Corp bought a new stake in shares of Pimco Rafi Esg U.S. Etf in the first quarter worth $267,000. Mason & Associates Inc increased its position in Pimco Rafi Esg U.S. Etf by 1.8% during the first quarter. Mason & Associates Inc now owns 20,138 shares of the company’s stock valued at $820,000 after acquiring an additional 358 shares during the last quarter. Finally, Ascentis Independent Advisors purchased a new stake in Pimco Rafi Esg U.S. Etf during the first quarter valued at $114,000.
Pimco Rafi Esg U.S. Etf Stock Performance
RAFE stock opened at $48.58 on Friday. Pimco Rafi Esg U.S. Etf has a fifty-two week low of $37.40 and a fifty-two week high of $49.08. The business’s 50-day moving average is $47.69 and its two-hundred day moving average is $44.79. The company has a market cap of $165.17 million, a price-to-earnings ratio of 17.96 and a beta of 0.87.
Pimco Rafi Esg U.S. Etf Company Profile
The PIMCO RAFI ESG U.S. ETF (RAFE) is an exchange-traded fund that is based on the RAFI ESG US index. The fund tracks an index of US companies that are selected and weighted by a combination of fundamental and ESG criteria. RAFE was launched on Dec 18, 2019 and is managed by PIMCO.
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