PFG Advisors Sells 583 Shares of Invesco RAFI Strategic US ETF (NASDAQ:IUS)

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

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

Invesco RAFI Strategic US ETF Price Performance

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

Invesco RAFI Strategic US ETF Increases Dividend

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

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.