Novem Group Purchases Shares of 8,984 Invesco FTSE RAFI US 1000 ETF (NYSEARCA:PRF)

Novem Group purchased a new position in Invesco FTSE RAFI US 1000 ETF (NYSEARCA:PRF) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 8,984 shares of the company’s stock, valued at approximately $362,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PRF. Quadcap Wealth Management LLC bought a new stake in Invesco FTSE RAFI US 1000 ETF during the 4th quarter valued at $615,000. Quantinno Capital Management LP bought a new stake in Invesco FTSE RAFI US 1000 ETF during the 4th quarter valued at $219,000. Obsidian Personal Planning Solutions LLC increased its stake in Invesco FTSE RAFI US 1000 ETF by 3.5% during the 4th quarter. Obsidian Personal Planning Solutions LLC now owns 128,609 shares of the company’s stock valued at $5,402,000 after purchasing an additional 4,362 shares in the last quarter. Millennium Management LLC bought a new position in Invesco FTSE RAFI US 1000 ETF in the 4th quarter valued at about $350,000. Finally, Geller Advisors LLC lifted its position in Invesco FTSE RAFI US 1000 ETF by 0.5% in the 4th quarter. Geller Advisors LLC now owns 511,883 shares of the company’s stock valued at $20,649,000 after acquiring an additional 2,404 shares in the last quarter.

Invesco FTSE RAFI US 1000 ETF Stock Performance

Shares of NYSEARCA PRF opened at $40.33 on Friday. Invesco FTSE RAFI US 1000 ETF has a fifty-two week low of $34.98 and a fifty-two week high of $43.01. The stock has a market cap of $7.62 billion, a price-to-earnings ratio of 16.98 and a beta of 0.93. The firm’s 50-day simple moving average is $39.28 and its 200 day simple moving average is $40.75.

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.