NewEdge Advisors LLC reduced its position in Pimco Rafi Esg U.S. Etf (NYSEARCA:RAFE – Free Report) by 26.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 36,163 shares of the company’s stock after selling 13,334 shares during the period. NewEdge Advisors LLC owned about 1.15% of Pimco Rafi Esg U.S. Etf worth $1,505,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in RAFE. Savant Capital LLC bought a new stake in shares of Pimco Rafi Esg U.S. Etf in the 4th quarter worth $8,320,000. Envestnet Portfolio Solutions Inc. bought a new position in shares of Pimco Rafi Esg U.S. Etf during the fourth quarter valued at $4,207,000. Cetera Investment Advisers bought a new position in shares of Pimco Rafi Esg U.S. Etf during the fourth quarter valued at $2,785,000. Goldman Sachs Group Inc. purchased a new stake in shares of Pimco Rafi Esg U.S. Etf during the first quarter valued at $769,000. Finally, Commonwealth Equity Services LLC boosted its position in shares of Pimco Rafi Esg U.S. Etf by 10.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 119,740 shares of the company’s stock valued at $5,028,000 after buying an additional 10,881 shares during the last quarter.
Pimco Rafi Esg U.S. Etf Stock Performance
NYSEARCA RAFE opened at $48.58 on Friday. Pimco Rafi Esg U.S. Etf has a one year low of $37.40 and a one year high of $49.08. The stock has a 50-day moving average of $47.69 and a 200 day moving average of $44.79. The company has a market capitalization of $165.17 million, a price-to-earnings ratio of 17.96 and a beta of 0.87.
Pimco Rafi Esg U.S. Etf Profile
The PIMCO RAFI ESG U.S. ETF (RAFE) is an exchange-traded fund that is based on the RAFI ESG US index. The fund tracks an index of US companies that are selected and weighted by a combination of fundamental and ESG criteria. RAFE was launched on Dec 18, 2019 and is managed by PIMCO.
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