Pinnacle Financial Group LLC IL Buys 647,428 Shares of Invesco RAFI US 1000 ETF $PRF

Pinnacle Financial Group LLC IL purchased a new position in shares of Invesco RAFI US 1000 ETF (NYSEARCA:PRF) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 647,428 shares of the company’s stock, valued at approximately $35,240,000. Invesco RAFI US 1000 ETF makes up approximately 8.5% of Pinnacle Financial Group LLC IL’s holdings, making the stock its biggest holding. Pinnacle Financial Group LLC IL owned approximately 0.36% of Invesco RAFI US 1000 ETF at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in PRF. Bank of America Corp DE lifted its stake in Invesco RAFI US 1000 ETF by 0.8% in the first quarter. Bank of America Corp DE now owns 11,102,869 shares of the company’s stock worth $527,719,000 after acquiring an additional 92,636 shares during the period. D.A. Davidson & CO. bought a new position in Invesco RAFI US 1000 ETF during the 3rd quarter worth about $122,096,000. Royal Bank of Canada increased its position in Invesco RAFI US 1000 ETF by 2.9% during the 1st quarter. Royal Bank of Canada now owns 1,233,042 shares of the company’s stock valued at $58,607,000 after purchasing an additional 34,227 shares during the period. Cetera Investment Advisers increased its position in Invesco RAFI US 1000 ETF by 2.5% during the 1st quarter. Cetera Investment Advisers now owns 948,885 shares of the company’s stock valued at $45,100,000 after purchasing an additional 22,749 shares during the period. Finally, Garrett Wealth Advisory Group LLC bought a new stake in shares of Invesco RAFI US 1000 ETF in the 3rd quarter valued at about $43,726,000.

Invesco RAFI US 1000 ETF Stock Performance

NYSEARCA:PRF opened at $56.13 on Monday. The firm has a 50-day simple moving average of $55.73 and a 200-day simple moving average of $52.61. Invesco RAFI US 1000 ETF has a one year low of $44.47 and a one year high of $56.65. The firm has a market cap of $10.10 billion, a P/E ratio of 17.96 and a beta of 0.88.

Invesco RAFI US 1000 ETF 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.