Cannon Financial Strategists Inc. Makes New Investment in Invesco FTSE RAFI US 1000 ETF (NYSEARCA:PRF)

Cannon Financial Strategists Inc. purchased a new position in shares of Invesco FTSE RAFI US 1000 ETF (NYSEARCA:PRF) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 29,280 shares of the company’s stock, valued at approximately $1,111,000.

Several other institutional investors also recently modified their holdings of the stock. RFG Advisory LLC increased its holdings in shares of Invesco FTSE RAFI US 1000 ETF by 2.8% during the second quarter. RFG Advisory LLC now owns 5,574,436 shares of the company’s stock worth $211,550,000 after buying an additional 149,460 shares in the last quarter. LPL Financial LLC increased its holdings in shares of Invesco FTSE RAFI US 1000 ETF by 1.0% during the second quarter. LPL Financial LLC now owns 2,425,465 shares of the company’s stock worth $92,046,000 after buying an additional 24,056 shares in the last quarter. Linscomb Wealth Inc. increased its holdings in shares of Invesco FTSE RAFI US 1000 ETF by 0.6% during the first quarter. Linscomb Wealth Inc. now owns 2,102,481 shares of the company’s stock worth $80,882,000 after buying an additional 12,036 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Invesco FTSE RAFI US 1000 ETF by 1.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,875,442 shares of the company’s stock worth $71,173,000 after buying an additional 23,345 shares in the last quarter. Finally, D.A. Davidson & CO. increased its holdings in shares of Invesco FTSE RAFI US 1000 ETF by 0.7% during the second quarter. D.A. Davidson & CO. now owns 1,647,660 shares of the company’s stock worth $62,529,000 after buying an additional 10,853 shares in the last quarter.

Invesco FTSE RAFI US 1000 ETF Stock Performance

Shares of NYSEARCA:PRF opened at $40.45 on Wednesday. The company has a fifty day moving average of $39.39 and a 200-day moving average of $38.42. The company has a market capitalization of $7.46 billion, a PE ratio of 3.61 and a beta of 0.85. Invesco FTSE RAFI US 1000 ETF has a 52-week low of $30.29 and a 52-week high of $40.72.

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.