Merit Financial Group LLC Lowers Stock Holdings in Invesco RAFI US 1000 ETF (NYSEARCA:PRF)

Merit Financial Group LLC reduced its position in shares of Invesco RAFI US 1000 ETF (NYSEARCA:PRF) by 11.1% in the 1st quarter, HoldingsChannel reports. The firm owned 15,990 shares of the company’s stock after selling 2,000 shares during the period. Merit Financial Group LLC’s holdings in Invesco RAFI US 1000 ETF were worth $646,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in PRF. Smartleaf Asset Management LLC purchased a new stake in Invesco RAFI US 1000 ETF during the fourth quarter worth about $34,000. Noble Wealth Management PBC purchased a new stake in shares of Invesco RAFI US 1000 ETF in the fourth quarter valued at about $43,000. Integrity Financial Corp WA purchased a new position in shares of Invesco RAFI US 1000 ETF during the fourth quarter valued at approximately $54,000. IMG Wealth Management Inc. purchased a new position in shares of Invesco RAFI US 1000 ETF during the fourth quarter valued at approximately $61,000. Finally, Mascagni Wealth Management Inc. purchased a new position in shares of Invesco RAFI US 1000 ETF during the fourth quarter valued at approximately $125,000.

Invesco RAFI US 1000 ETF Stock Up 0.1%

NYSEARCA:PRF opened at $41.30 on Tuesday. The company has a market cap of $7.79 billion, a P/E ratio of 17.94 and a beta of 0.93. Invesco RAFI US 1000 ETF has a fifty-two week low of $34.98 and a fifty-two week high of $43.01. The firm’s 50 day moving average is $39.32 and its two-hundred day moving average is $40.65.

About Invesco 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.