Northwestern Mutual Wealth Management Co. Has $1.54 Billion Position in Invesco RAFI US 1000 ETF $PRF

Northwestern Mutual Wealth Management Co. lifted its position in shares of Invesco RAFI US 1000 ETF (NYSEARCA:PRF) by 1,740.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 33,412,176 shares of the company’s stock after buying an additional 31,596,591 shares during the period. Invesco RAFI US 1000 ETF comprises approximately 0.8% of Northwestern Mutual Wealth Management Co.’s portfolio, making the stock its 20th biggest holding. Northwestern Mutual Wealth Management Co. owned about 0.18% of Invesco RAFI US 1000 ETF worth $1,537,911,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Boulder Wealth Advisors LLC increased its stake in shares of Invesco RAFI US 1000 ETF by 6.1% in the 4th quarter. Boulder Wealth Advisors LLC now owns 488,182 shares of the company’s stock valued at $22,905,000 after purchasing an additional 28,073 shares during the last quarter. Cornerstone Wealth Management LLC boosted its stake in Invesco RAFI US 1000 ETF by 10.4% in the fourth quarter. Cornerstone Wealth Management LLC now owns 304,493 shares of the company’s stock valued at $14,287,000 after buying an additional 28,563 shares in the last quarter. Johnson & White Wealth Management LLC raised its stake in Invesco RAFI US 1000 ETF by 6.7% during the fourth quarter. Johnson & White Wealth Management LLC now owns 129,454 shares of the company’s stock worth $6,074,000 after acquiring an additional 8,125 shares in the last quarter. Berman McAleer LLC raised its stake in Invesco RAFI US 1000 ETF by 0.6% during the fourth quarter. Berman McAleer LLC now owns 1,565,303 shares of the company’s stock worth $73,444,000 after acquiring an additional 9,195 shares in the last quarter. Finally, Pinnacle Associates Ltd. lifted its holdings in shares of Invesco RAFI US 1000 ETF by 13.5% in the fourth quarter. Pinnacle Associates Ltd. now owns 5,630 shares of the company’s stock worth $264,000 after acquiring an additional 670 shares during the last quarter.

Invesco RAFI US 1000 ETF Trading Down 1.0%

PRF opened at $52.23 on Friday. The company has a market cap of $9.61 billion, a P/E ratio of 17.96 and a beta of 0.88. The company’s 50 day moving average is $49.49 and its 200-day moving average is $48.28. Invesco RAFI US 1000 ETF has a 1-year low of $39.89 and a 1-year high of $52.97.

Invesco RAFI US 1000 ETF Company Profile

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.