PFG Advisors Has $3.86 Million Stock Position in Invesco RAFI Strategic US ETF (NASDAQ:IUS)

PFG Advisors reduced its position in shares of Invesco RAFI Strategic US ETF (NASDAQ:IUS) by 0.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 81,448 shares of the company’s stock after selling 583 shares during the period. PFG Advisors owned about 0.76% of Invesco RAFI Strategic US ETF worth $3,863,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Principal Securities Inc. acquired a new position in Invesco RAFI Strategic US ETF in the fourth quarter worth $43,000. CWM LLC acquired a new position in Invesco RAFI Strategic US ETF during the 2nd quarter worth about $90,000. Centaurus Financial Inc. bought a new stake in Invesco RAFI Strategic US ETF during the 4th quarter worth about $103,000. Advisors Preferred LLC acquired a new stake in Invesco RAFI Strategic US ETF in the 1st quarter valued at about $193,000. Finally, Global Retirement Partners LLC raised its stake in shares of Invesco RAFI Strategic US ETF by 8.4% in the first quarter. Global Retirement Partners LLC now owns 4,550 shares of the company’s stock worth $216,000 after acquiring an additional 352 shares during the last quarter.

Invesco RAFI Strategic US ETF Trading Up 0.2 %

Shares of IUS stock opened at $48.34 on Thursday. Invesco RAFI Strategic US ETF has a 1 year low of $38.00 and a 1 year high of $49.66. The firm’s 50 day moving average is $48.25 and its 200-day moving average is $47.22. The firm has a market capitalization of $521.11 million, a price-to-earnings ratio of 19.85 and a beta of 0.96.

Invesco RAFI Strategic US ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 24th were issued a dividend of $0.1768 per share. This is an increase from Invesco RAFI Strategic US ETF’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Monday, June 24th. This represents a $0.71 annualized dividend and a yield of 1.46%.

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.