Raymond James & Associates Reduces Stake in Invesco FTSE RAFI US 1000 ETF

Raymond James & Associates has decreased its ownership in the Invesco FTSE RAFI US 1000 ETF (NYSEARCA:PRF) by 1.4% during the third quarter of the year, according to a report from Holdings Channel.com. Following this reduction, the fund now holds 466,434 shares of the ETF, having sold off 6,435 shares in the specified period. As per the latest filing with the SEC, the value of Raymond James & Associates’ investment in the Invesco FTSE RAFI US 1000 ETF is approximately $18,951,000.

In addition to Raymond James, several other hedge funds have also altered their positions in PRF. For instance, Clearstead Trust LLC entered a new investment in the Invesco FTSE RAFI US 1000 ETF during the first quarter, valued at $25,000. Strategic Financial Concepts LLC and Ashton Thomas Private Wealth LLC both acquired new stakes in the ETF during the second quarter, with valuations around $26,000 each. Furthermore, SYM FINANCIAL Corp took a new position worth about $52,000 in this ETF during the second quarter, while Toronto Dominion Bank invested around $59,000 in the same timeframe.

Invesco FTSE RAFI US 1000 ETF Stock Details

As of the last trading session, the Invesco FTSE RAFI US 1000 ETF opened at $40.57. The ETF has experienced a 52-week range, hitting a low of $30.29 and a high of $41.42. The market capitalization for the fund stands at $7.48 billion, with a price-to-earnings (P/E) ratio of 3.61 and a beta value of 0.85, indicating lower volatility compared to the market. Its 50-day simple moving average is noted to be $40.21, while the 200-day simple moving average is recorded at $38.79.

Overview of Invesco FTSE RAFI US 1000 ETF

The Invesco FTSE RAFI US 1000 ETF (PRF) is an exchange-traded fund designed to track the FTSE RAFI US 1000 Index. This index consists of the largest 1,000 companies in the United States, selected based on fundamental financial metrics and assigned weightings accordingly. The ETF was launched on December 19, 2005, and is actively managed by Invesco.

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Stay Informed: To monitor other hedge funds' positions in PRF, visit Holdings Channel for the latest 13F filings and insider transactions for the Invesco FTSE RAFI US 1000 ETF (NYSEARCA:PRF).

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