Raymond James Financial Services Advisors Inc. Acquires 135,243 Shares of Invesco RAFI Strategic US ETF (NASDAQ:IUS)

Raymond James Financial Services Advisors Inc. raised its holdings in Invesco RAFI Strategic US ETF (NASDAQ:IUS) by 120.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 247,532 shares of the company’s stock after buying an additional 135,243 shares during the period. Raymond James Financial Services Advisors Inc. owned about 2.30% of Invesco RAFI Strategic US ETF worth $11,748,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Anchor Investment Management LLC bought a new position in Invesco RAFI Strategic US ETF in the 4th quarter valued at about $41,000. Principal Securities Inc. bought a new position in shares of Invesco RAFI Strategic US ETF in the fourth quarter valued at approximately $43,000. Centaurus Financial Inc. purchased a new position in shares of Invesco RAFI Strategic US ETF during the fourth quarter valued at approximately $103,000. Global Retirement Partners LLC boosted its position in shares of Invesco RAFI Strategic US ETF by 154.6% during the fourth quarter. Global Retirement Partners LLC now owns 4,198 shares of the company’s stock valued at $181,000 after buying an additional 2,549 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC bought a new stake in Invesco RAFI Strategic US ETF during the fourth quarter worth $211,000.

Invesco RAFI Strategic US ETF Stock Up 0.9 %

NASDAQ:IUS traded up $0.41 during trading hours on Friday, hitting $45.90. 52,547 shares of the company traded hands, compared to its average volume of 107,220. The company has a market cap of $517.75 million, a PE ratio of 19.54 and a beta of 0.96. The firm’s 50-day simple moving average is $46.27 and its 200-day simple moving average is $43.72. Invesco RAFI Strategic US ETF has a one year low of $37.58 and a one year high of $47.66.

Invesco RAFI Strategic US ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Tuesday, March 19th were given a dividend of $0.174 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date of this dividend was Monday, March 18th.

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.