Prudential PLC Cuts Position in Invesco FTSE RAFI US 1000 ETF (NYSEARCA:PRF)

Prudential PLC reduced its stake in shares of Invesco FTSE RAFI US 1000 ETF (NYSEARCA:PRF) by 48.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 25,697 shares of the company’s stock after selling 23,990 shares during the period. Prudential PLC’s holdings in Invesco FTSE RAFI US 1000 ETF were worth $1,037,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. RFG Advisory LLC increased its stake in Invesco FTSE RAFI US 1000 ETF by 5.4% in the 4th quarter. RFG Advisory LLC now owns 6,300,762 shares of the company’s stock valued at $254,173,000 after purchasing an additional 320,593 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in Invesco FTSE RAFI US 1000 ETF by 2.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 2,678,333 shares of the company’s stock valued at $108,044,000 after purchasing an additional 70,166 shares during the last quarter. Linscomb Wealth Inc. increased its position in shares of Invesco FTSE RAFI US 1000 ETF by 0.6% in the fourth quarter. Linscomb Wealth Inc. now owns 2,071,849 shares of the company’s stock valued at $83,578,000 after buying an additional 11,993 shares in the last quarter. D.A. Davidson & CO. raised its stake in shares of Invesco FTSE RAFI US 1000 ETF by 3.1% during the 4th quarter. D.A. Davidson & CO. now owns 1,721,639 shares of the company’s stock worth $69,451,000 after buying an additional 52,265 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Invesco FTSE RAFI US 1000 ETF in the 4th quarter worth about $54,765,000.

Invesco FTSE RAFI US 1000 ETF Trading Down 0.6 %

Shares of NYSEARCA PRF opened at $36.29 on Tuesday. The company’s 50-day moving average price is $41.05 and its 200 day moving average price is $41.15. Invesco FTSE RAFI US 1000 ETF has a 52 week low of $34.98 and a 52 week high of $43.01. The stock has a market cap of $6.71 billion, a price-to-earnings ratio of 18.00 and a beta of 0.99.

Invesco FTSE RAFI US 1000 ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were given a $0.1894 dividend. The ex-dividend date was Monday, March 24th.

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.