Arbor Investment Advisors LLC Has $90.44 Million Stock Position in Invesco FTSE RAFI US 1000 ETF (NYSEARCA:PRF)

Arbor Investment Advisors LLC increased its holdings in shares of Invesco FTSE RAFI US 1000 ETF (NYSEARCA:PRF) by 1.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,225,980 shares of the company’s stock after acquiring an additional 26,692 shares during the period. Invesco FTSE RAFI US 1000 ETF comprises about 12.0% of Arbor Investment Advisors LLC’s investment portfolio, making the stock its 2nd biggest position. Arbor Investment Advisors LLC owned 1.21% of Invesco FTSE RAFI US 1000 ETF worth $90,442,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. First Long Island Investors LLC bought a new position in Invesco FTSE RAFI US 1000 ETF during the first quarter worth about $212,000. Brookstone Capital Management acquired a new position in Invesco FTSE RAFI US 1000 ETF during the first quarter worth $201,000. Sequoia Financial Advisors LLC raised its stake in Invesco FTSE RAFI US 1000 ETF by 6.6% in the third quarter. Sequoia Financial Advisors LLC now owns 31,529 shares of the company’s stock valued at $1,281,000 after buying an additional 1,954 shares during the period. Palisade Asset Management LLC acquired a new position in shares of Invesco FTSE RAFI US 1000 ETF in the first quarter valued at $86,000. Finally, Aptus Capital Advisors LLC lifted its position in Invesco FTSE RAFI US 1000 ETF by 70.9% during the second quarter. Aptus Capital Advisors LLC now owns 6,205 shares of the company’s stock worth $235,000 after acquiring an additional 2,574 shares during the last quarter.

Invesco FTSE RAFI US 1000 ETF Price Performance

Invesco FTSE RAFI US 1000 ETF stock traded up $0.29 during mid-day trading on Monday, reaching $40.86. 92,998 shares of the company were exchanged, compared to its average volume of 378,119. The company has a fifty day simple moving average of $40.21 and a 200-day simple moving average of $38.80. The firm has a market cap of $7.53 billion, a PE ratio of 3.61 and a beta of 0.85. Invesco FTSE RAFI US 1000 ETF has a 12 month low of $30.50 and a 12 month high of $41.42.

About Invesco FTSE 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.