Pinnacle Wealth Planning Services Inc. Invests $295,000 in Invesco RAFI US 1000 ETF $PRF

Pinnacle Wealth Planning Services Inc. purchased a new stake in shares of Invesco RAFI US 1000 ETF (NYSEARCA:PRF) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 6,988 shares of the company’s stock, valued at approximately $295,000.

Other hedge funds have also recently modified their holdings of the company. UMB Bank n.a. increased its position in Invesco RAFI US 1000 ETF by 34.5% during the second quarter. UMB Bank n.a. now owns 1,002 shares of the company’s stock worth $42,000 after purchasing an additional 257 shares during the last quarter. Rollins Financial Advisors LLC boosted its holdings in Invesco RAFI US 1000 ETF by 0.3% in the 1st quarter. Rollins Financial Advisors LLC now owns 86,473 shares of the company’s stock valued at $3,494,000 after purchasing an additional 258 shares during the last quarter. Summit Financial Strategies Inc. grew its stake in shares of Invesco RAFI US 1000 ETF by 3.2% in the 1st quarter. Summit Financial Strategies Inc. now owns 9,536 shares of the company’s stock valued at $385,000 after buying an additional 297 shares during the period. AE Wealth Management LLC increased its holdings in shares of Invesco RAFI US 1000 ETF by 5.9% during the 2nd 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 position in shares of Invesco RAFI US 1000 ETF by 1.4% during the 2nd 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 Performance

PRF opened at $45.06 on Thursday. The stock has a market capitalization of $8.17 billion, a PE ratio of 17.96 and a beta of 0.92. Invesco RAFI US 1000 ETF has a one year low of $34.98 and a one year high of $46.48. The business’s 50 day moving average price is $45.36 and its 200 day moving average price is $43.34.

Invesco RAFI US 1000 ETF Company 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.