LPL Financial LLC boosted its position in Invesco RAFI Strategic US ETF (NASDAQ:IUS – Free Report) 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
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.
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Want to see what other hedge funds are holding IUS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco RAFI Strategic US ETF (NASDAQ:IUS – Free Report).
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