Invesco RAFI Strategic US ETF (NASDAQ:IUS) Shares Purchased by LPL Financial LLC

LPL Financial LLC boosted its position in Invesco RAFI Strategic US ETF (NASDAQ:IUS) by 35.8% during the second quarter, Holdings Channel.com reports. The fund owned 824,299 shares of the company’s stock after purchasing an additional 217,384 shares during the quarter. LPL Financial LLC owned 0.08% of Invesco RAFI Strategic US ETF worth $39,097,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IUS. Principal Securities Inc. acquired a new position in Invesco RAFI Strategic US ETF in the fourth quarter valued at $43,000. CWM LLC acquired a new position in Invesco RAFI Strategic US ETF in the second quarter valued at $90,000. Centaurus Financial Inc. acquired a new position in Invesco RAFI Strategic US ETF in the fourth quarter valued at $103,000. Advisors Preferred LLC acquired a new position in Invesco RAFI Strategic US ETF in the first quarter valued at $193,000. Finally, Davies Financial Advisors Inc. acquired a new position in Invesco RAFI Strategic US ETF in the second quarter valued at $239,000.

Invesco RAFI Strategic US ETF Trading Up 0.8 %

Shares of Invesco RAFI Strategic US ETF stock opened at $49.18 on Monday. The business’s fifty day moving average price is $48.30 and its 200 day moving average price is $47.29. Invesco RAFI Strategic US ETF has a twelve month low of $38.00 and a twelve month high of $49.66. The stock has a market capitalization of $530.16 million, a P/E ratio of 19.85 and a beta of 0.96.

Invesco RAFI Strategic US ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 24th were given a $0.1768 dividend. The ex-dividend date of this dividend was Monday, June 24th. This is a positive change from Invesco RAFI Strategic US ETF’s previous quarterly dividend of $0.17. This represents a $0.71 annualized dividend and a yield of 1.44%.

Invesco RAFI Strategic US ETF Profile

The Invesco RAFI Strategic US ETF (IUS) is an exchange-traded fund that is based on the Invesco Strategic US index. The fund tracks an index of stocks from large US firms. The index determines firm size by fundamental metrics and also screens by quality metrics IUS was launched on Sep 12, 2018 and is managed by Invesco.