3,030,022 Shares in Invesco RAFI Strategic US ETF (NASDAQ:IUS) Bought by World Investment Advisors LLC

World Investment Advisors LLC purchased a new stake in shares of Invesco RAFI Strategic US ETF (NASDAQ:IUS) during the third quarter, Holdings Channel reports. The firm purchased 3,030,022 shares of the company’s stock, valued at approximately $152,410,000. Invesco RAFI Strategic US ETF accounts for approximately 0.8% of World Investment Advisors LLC’s investment portfolio, making the stock its 19th largest holding. World Investment Advisors LLC owned approximately 0.26% of Invesco RAFI Strategic US ETF at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in IUS. FMR LLC boosted its stake in shares of Invesco RAFI Strategic US ETF by 46.0% in the 3rd quarter. FMR LLC now owns 962 shares of the company’s stock valued at $48,000 after purchasing an additional 303 shares in the last quarter. CWM LLC bought a new stake in Invesco RAFI Strategic US ETF in the second quarter worth $90,000. Sigma Planning Corp purchased a new stake in Invesco RAFI Strategic US ETF during the third quarter valued at about $205,000. AllGen Financial Advisors Inc. bought a new position in shares of Invesco RAFI Strategic US ETF during the third quarter valued at about $235,000. Finally, Davies Financial Advisors Inc. purchased a new position in shares of Invesco RAFI Strategic US ETF in the second quarter worth about $239,000.

Invesco RAFI Strategic US ETF Price Performance

Shares of IUS stock opened at $51.96 on Friday. The business has a 50-day moving average of $50.85 and a 200 day moving average of $49.04. Invesco RAFI Strategic US ETF has a 1-year low of $41.52 and a 1-year high of $52.38. The stock has a market capitalization of $613.08 million, a PE 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, September 27th. Stockholders of record on Monday, September 23rd were paid a dividend of $0.207 per share. This represents a $0.83 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend was Monday, September 23rd. This is a positive change from Invesco RAFI Strategic US ETF’s previous quarterly dividend of $0.18.

About Invesco RAFI Strategic US ETF

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.