Cidel Asset Management Inc. Reduces Position in Invesco FTSE RAFI US 1000 ETF (NYSEARCA:PRF)

Cidel Asset Management Inc. trimmed its holdings in Invesco FTSE RAFI US 1000 ETF (NYSEARCA:PRF) by 1.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 119,893 shares of the company’s stock after selling 1,437 shares during the quarter. Cidel Asset Management Inc. owned about 0.07% of Invesco FTSE RAFI US 1000 ETF worth $4,836,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in PRF. Fermata Advisors LLC purchased a new position in Invesco FTSE RAFI US 1000 ETF during the third quarter worth approximately $248,000. Charles Schwab Trust Co raised its holdings in shares of Invesco FTSE RAFI US 1000 ETF by 3.7% during the 3rd quarter. Charles Schwab Trust Co now owns 502,724 shares of the company’s stock worth $20,426,000 after acquiring an additional 18,039 shares during the period. Sound Income Strategies LLC boosted its position in shares of Invesco FTSE RAFI US 1000 ETF by 43.5% during the 3rd quarter. Sound Income Strategies LLC now owns 3,068 shares of the company’s stock valued at $125,000 after acquiring an additional 930 shares during the last quarter. Provident Wealth Management LLC acquired a new position in shares of Invesco FTSE RAFI US 1000 ETF during the 3rd quarter valued at about $97,000. Finally, Cornerstone Wealth Management LLC grew its holdings in shares of Invesco FTSE RAFI US 1000 ETF by 4.8% in the third quarter. Cornerstone Wealth Management LLC now owns 214,166 shares of the company’s stock valued at $8,702,000 after purchasing an additional 9,879 shares during the period.

Invesco FTSE RAFI US 1000 ETF Price Performance

Shares of PRF stock opened at $41.82 on Friday. The company has a market capitalization of $7.71 billion, a PE ratio of 3.61 and a beta of 0.85. The firm’s 50-day moving average is $41.39 and its two-hundred day moving average is $40.67. Invesco FTSE RAFI US 1000 ETF has a 12 month low of $35.48 and a 12 month high of $43.01.

Invesco FTSE 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.