Sheets Smith Wealth Management Sells 15,472 Shares of Invesco FTSE RAFI US 1000 ETF (NYSEARCA:PRF)

Sheets Smith Wealth Management reduced its stake in Invesco FTSE RAFI US 1000 ETF (NYSEARCA:PRF) by 24.5% during the fourth quarter, HoldingsChannel reports. The firm owned 47,708 shares of the company’s stock after selling 15,472 shares during the quarter. Sheets Smith Wealth Management’s holdings in Invesco FTSE RAFI US 1000 ETF were worth $1,925,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Stifel Financial Corp grew its position in shares of Invesco FTSE RAFI US 1000 ETF by 11.1% during the 3rd quarter. Stifel Financial Corp now owns 38,823 shares of the company’s stock worth $1,577,000 after buying an additional 3,880 shares during the period. BNP Paribas Financial Markets purchased a new position in Invesco FTSE RAFI US 1000 ETF during the third quarter worth about $27,000. Brookstone Capital Management increased its position in shares of Invesco FTSE RAFI US 1000 ETF by 14.5% during the fourth quarter. Brookstone Capital Management now owns 6,250 shares of the company’s stock valued at $252,000 after acquiring an additional 793 shares during the last quarter. Sequoia Financial Advisors LLC boosted its stake in Invesco FTSE RAFI US 1000 ETF by 6.6% in the third quarter. Sequoia Financial Advisors LLC now owns 31,529 shares of the company’s stock valued at $1,281,000 after acquiring an additional 1,954 shares during the last quarter. Finally, FMR LLC increased its position in Invesco FTSE RAFI US 1000 ETF by 6.1% in the third quarter. FMR LLC now owns 128,370 shares of the company’s stock worth $5,216,000 after buying an additional 7,384 shares during the last quarter.

Invesco FTSE RAFI US 1000 ETF Stock Performance

NYSEARCA:PRF opened at $42.00 on Wednesday. Invesco FTSE RAFI US 1000 ETF has a 52-week low of $35.24 and a 52-week high of $43.01. The firm has a market cap of $7.74 billion, a price-to-earnings ratio of 3.61 and a beta of 0.85. The business’s fifty day moving average is $41.44 and its 200 day moving average is $40.41.

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.