448,371 Shares of Invesco RAFI US 1000 ETF $PRF Acquired by Cornerstone Wealth Management LLC

Cornerstone Wealth Management LLC purchased a new position in shares of Invesco RAFI US 1000 ETF (NYSEARCA:PRF) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 448,371 shares of the company’s stock, valued at approximately $24,405,000. Invesco RAFI US 1000 ETF comprises about 1.0% of Cornerstone Wealth Management LLC’s portfolio, making the stock its 12th biggest position.

A number of other large investors also recently modified their holdings of the company. Bank of America Corp DE grew its holdings in shares of Invesco RAFI US 1000 ETF by 0.8% during the 1st quarter. Bank of America Corp DE now owns 11,102,869 shares of the company’s stock worth $527,719,000 after purchasing an additional 92,636 shares during the period. Commonwealth Equity Services LLC acquired a new stake in Invesco RAFI US 1000 ETF during the 3rd quarter worth approximately $148,753,000. D.A. Davidson & CO. purchased a new position in Invesco RAFI US 1000 ETF in the third quarter valued at approximately $122,096,000. Royal Bank of Canada raised its holdings in Invesco RAFI US 1000 ETF by 2.9% in the first quarter. Royal Bank of Canada now owns 1,233,042 shares of the company’s stock valued at $58,607,000 after buying an additional 34,227 shares during the period. Finally, Cetera Investment Advisers lifted its position in Invesco RAFI US 1000 ETF by 2.5% during the first quarter. Cetera Investment Advisers now owns 948,885 shares of the company’s stock valued at $45,100,000 after buying an additional 22,749 shares in the last quarter.

Invesco RAFI US 1000 ETF Stock Down 0.0%

PRF opened at $56.33 on Wednesday. Invesco RAFI US 1000 ETF has a 52-week low of $44.47 and a 52-week high of $57.29. The company has a 50 day moving average of $55.72 and a two-hundred day moving average of $52.87. The company has a market cap of $10.13 billion, a P/E ratio of 18.92 and a beta of 0.88.

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.