PFG Advisors Decreases Holdings in Invesco RAFI Strategic US ETF (NASDAQ:IUS)

PFG Advisors trimmed its holdings in shares of Invesco RAFI Strategic US ETF (NASDAQ:IUS) by 1.7% in the third quarter, Holdings Channel reports. The institutional investor owned 80,037 shares of the company’s stock after selling 1,411 shares during the period. PFG Advisors’ holdings in Invesco RAFI Strategic US ETF were worth $4,026,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Centaurus Financial Inc. purchased a new stake in shares of Invesco RAFI Strategic US ETF in the 4th quarter valued at about $103,000. Foguth Wealth Management LLC. purchased a new stake in shares of Invesco RAFI Strategic US ETF in the 1st quarter valued at about $4,124,000. Commonwealth Equity Services LLC lifted its holdings in shares of Invesco RAFI Strategic US ETF by 1.5% in the 1st quarter. Commonwealth Equity Services LLC now owns 28,116 shares of the company’s stock valued at $1,334,000 after purchasing an additional 404 shares during the last quarter. Mainstay Capital Management LLC ADV purchased a new stake in shares of Invesco RAFI Strategic US ETF in the 1st quarter valued at about $284,000. Finally, Intelligence Driven Advisers LLC acquired a new position in Invesco RAFI Strategic US ETF in the 1st quarter valued at about $11,249,000.

Invesco RAFI Strategic US ETF Stock Down 0.6 %

Shares of IUS stock opened at $50.50 on Wednesday. The stock has a market capitalization of $592.37 million, a PE ratio of 19.85 and a beta of 0.96. Invesco RAFI Strategic US ETF has a 52-week low of $38.00 and a 52-week high of $50.86. The stock’s 50-day moving average price is $49.17 and its 200 day moving average price is $47.84.

Invesco RAFI Strategic US ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were given a $0.207 dividend. This represents a $0.83 annualized dividend and a yield of 1.64%. The ex-dividend date was Monday, September 23rd. This is a boost from Invesco RAFI Strategic US ETF’s previous quarterly dividend of $0.18.

Invesco RAFI Strategic US ETF Company 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.