Avantax Advisory Services Inc. Lowers Stock Holdings in Invesco RAFI Strategic US ETF (NASDAQ:IUS)

Avantax Advisory Services Inc. cut its stake in shares of Invesco RAFI Strategic US ETF (NASDAQ:IUS) by 10.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,759 shares of the company’s stock after selling 568 shares during the period. Avantax Advisory Services Inc.’s holdings in Invesco RAFI Strategic US ETF were worth $236,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in IUS. FMR LLC boosted its holdings in shares of Invesco RAFI Strategic US ETF by 46.0% in the third quarter. FMR LLC now owns 962 shares of the company’s stock valued at $48,000 after acquiring an additional 303 shares in the last quarter. Sigma Planning Corp boosted its holdings in Invesco RAFI Strategic US ETF by 5.8% in the 4th quarter. Sigma Planning Corp now owns 4,317 shares of the company’s stock valued at $214,000 after purchasing an additional 238 shares in the last quarter. M.E. Allison & CO. Inc. purchased a new stake in Invesco RAFI Strategic US ETF in the 4th quarter valued at approximately $273,000. Flagstar Advisors Inc. increased its position in Invesco RAFI Strategic US ETF by 11.3% during the 4th quarter. Flagstar Advisors Inc. now owns 6,509 shares of the company’s stock worth $323,000 after purchasing an additional 661 shares during the period. Finally, Centric Wealth Management purchased a new position in shares of Invesco RAFI Strategic US ETF during the 3rd quarter worth approximately $337,000.

Invesco RAFI Strategic US ETF Price Performance

Invesco RAFI Strategic US ETF stock opened at $49.86 on Thursday. The stock’s 50 day moving average price is $50.75 and its 200 day moving average price is $50.55. Invesco RAFI Strategic US ETF has a 1-year low of $45.07 and a 1-year high of $52.38. The company has a market cap of $614.77 million, a PE ratio of 19.74 and a beta of 0.98.

Invesco RAFI Strategic US ETF Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 24th will be paid a dividend of $0.2128 per share. The ex-dividend date is Monday, March 24th. This is a boost from Invesco RAFI Strategic US ETF’s previous dividend of $0.20.

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.