Mercer Global Advisors Inc. ADV Has $18.43 Million Position in Invesco FTSE RAFI US 1000 ETF (NYSEARCA:PRF)

Mercer Global Advisors Inc. ADV cut its holdings in shares of Invesco FTSE RAFI US 1000 ETF (NYSEARCA:PRF) by 4.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 456,847 shares of the company’s stock after selling 22,336 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Invesco FTSE RAFI US 1000 ETF were worth $18,429,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Smartleaf Asset Management LLC bought a new stake in Invesco FTSE RAFI US 1000 ETF during the fourth quarter worth about $34,000. Noble Wealth Management PBC bought a new stake in shares of Invesco FTSE RAFI US 1000 ETF during the 4th quarter worth approximately $43,000. Integrity Financial Corp WA acquired a new stake in shares of Invesco FTSE RAFI US 1000 ETF in the 4th quarter valued at approximately $54,000. IMG Wealth Management Inc. bought a new position in shares of Invesco FTSE RAFI US 1000 ETF in the fourth quarter valued at $61,000. Finally, Decker Retirement Planning Inc. acquired a new position in Invesco FTSE RAFI US 1000 ETF during the fourth quarter worth $90,000.

Invesco FTSE RAFI US 1000 ETF Price Performance

Shares of PRF stock opened at $39.79 on Friday. The company has a fifty day moving average price of $39.37 and a two-hundred day moving average price of $40.79. Invesco FTSE RAFI US 1000 ETF has a one year low of $34.98 and a one year high of $43.01. The stock has a market cap of $7.51 billion, a P/E ratio of 17.12 and a beta of 0.93.

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.