Choate Investment Advisors Makes New Investment in Invesco FTSE RAFI US 1000 ETF (NYSEARCA:PRF)

Choate Investment Advisors acquired a new stake in shares of Invesco FTSE RAFI US 1000 ETF (NYSEARCA:PRF) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 12,000 shares of the company’s stock, valued at approximately $484,000.

Several other hedge funds have also recently made changes to their positions in the company. BNP Paribas Financial Markets purchased a new stake in Invesco FTSE RAFI US 1000 ETF during the 3rd quarter valued at about $27,000. Smartleaf Asset Management LLC purchased a new stake in Invesco FTSE RAFI US 1000 ETF in the fourth quarter valued at approximately $34,000. Noble Wealth Management PBC acquired a new position in Invesco FTSE RAFI US 1000 ETF in the 4th quarter worth approximately $43,000. Decker Retirement Planning Inc. purchased a new position in Invesco FTSE RAFI US 1000 ETF during the 4th quarter worth approximately $90,000. Finally, Kieckhefer Group LLC acquired a new stake in Invesco FTSE RAFI US 1000 ETF during the 4th quarter valued at approximately $111,000.

Invesco FTSE RAFI US 1000 ETF Price Performance

NYSEARCA:PRF opened at $40.12 on Monday. The company’s fifty day moving average price is $41.45 and its 200-day moving average price is $41.13. Invesco FTSE RAFI US 1000 ETF has a 1-year low of $36.36 and a 1-year high of $43.01. The firm has a market capitalization of $7.39 billion, a P/E ratio of 17.95 and a beta of 0.99.

Invesco FTSE 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.