Obermeyer Wealth Partners Invests $256,000 in Invesco RAFI US 1000 ETF $PRF

Obermeyer Wealth Partners bought a new position in Invesco RAFI US 1000 ETF (NYSEARCA:PRF) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,050 shares of the company’s stock, valued at approximately $256,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PRF. Revolve Wealth Partners LLC bought a new position in shares of Invesco RAFI US 1000 ETF in the fourth quarter worth approximately $469,000. Fund Evaluation Group LLC bought a new stake in shares of Invesco RAFI US 1000 ETF in the first quarter worth approximately $509,000. Envestnet Asset Management Inc. grew its stake in shares of Invesco RAFI US 1000 ETF by 0.5% in the first quarter. Envestnet Asset Management Inc. now owns 4,702,234 shares of the company’s stock worth $190,017,000 after acquiring an additional 23,395 shares during the period. Brown Financial Advisory bought a new stake in shares of Invesco RAFI US 1000 ETF in the first quarter worth approximately $202,000. Finally, Garrett Wealth Advisory Group LLC grew its stake in shares of Invesco RAFI US 1000 ETF by 5.6% in the first quarter. Garrett Wealth Advisory Group LLC now owns 738,444 shares of the company’s stock worth $29,841,000 after acquiring an additional 38,954 shares during the period.

Invesco RAFI US 1000 ETF Stock Down 0.1%

Shares of PRF stock opened at $45.63 on Tuesday. The company has a 50 day moving average price of $45.05 and a 200-day moving average price of $42.79. Invesco RAFI US 1000 ETF has a 52 week low of $34.98 and a 52 week high of $46.30. The firm has a market capitalization of $8.28 billion, a PE ratio of 17.96 and a beta of 0.92.

About Invesco 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.