Sigma Planning Corp has sold 11,215 shares of the Invesco RAFI US 1000 ETF (NYSEARCA: PRF), reducing its holdings by 16.6% during the second quarter of this year. According to its most recent Form 13F filing with the U.S. Securities and Exchange Commission (SEC), the institutional investor now owns 56,292 shares valued at approximately $2,379,000.
Changes in the ETF’s shareholder landscape have been notable, with several other institutional investors also adjusting their stakes in the fund. For instance, UMB Bank n.a. increased its investment by 34.5%, acquiring 1,002 shares worth about $42,000 after purchasing an additional 257 shares in the last quarter.
Other Institutional Movements
Similarly, Rollins Financial Advisors LLC raised its stake by 0.3% in the first quarter, bringing its total to 86,473 shares, valued at $3,494,000 following an acquisition of 258 shares. Summit Financial Strategies Inc. reported a 3.2% increase, now holding 9,536 shares worth $385,000 after purchasing an additional 297 shares.
Other notable adjustments include Sovereign Financial Group Inc., which increased its position by 1.4%, now owning 21,275 shares valued at $899,000, and Johnson & White Wealth Management LLC, which grew its stake by 0.3% to 119,189 shares worth $5,038,000.
Current Market Performance
As of the latest trading session, shares of the Invesco RAFI US 1000 ETF opened at $45.31. The ETF has a market capitalization of $8.22 billion, a price-to-earnings (P/E) ratio of 17.96, and a beta of 0.92. Its 50-day moving average stands at $45.08, while the 200-day moving average is $42.84. Over the past year, the ETF has experienced a low of $34.98 and a high of $46.30.
The Invesco RAFI US 1000 ETF, launched on December 19, 2005, tracks the FTSE RAFI US 1000 Index, comprising the largest U.S. companies selected based on fundamental metrics. The ETF is managed by Invesco, a prominent player in the investment management space.
As institutional investors continue to adjust their holdings, the movements in the Invesco RAFI US 1000 ETF reflect broader market trends and investor sentiment towards large-cap U.S. equities.
