LPL Financial LLC Grows Stake in Invesco RAFI Strategic US ETF (NASDAQ:IUS)

LPL Financial LLC boosted its position in Invesco RAFI Strategic US ETF (NASDAQ:IUS) by 35.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 824,299 shares of the company’s stock after purchasing an additional 217,384 shares during the period. LPL Financial LLC owned about 7.65% of Invesco RAFI Strategic US ETF worth $39,097,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of IUS. Aveo Capital Partners LLC increased its position in Invesco RAFI Strategic US ETF by 28.7% during the fourth quarter. Aveo Capital Partners LLC now owns 478,497 shares of the company’s stock worth $20,719,000 after buying an additional 106,659 shares in the last quarter. Principal Securities Inc. purchased a new position in Invesco RAFI Strategic US ETF during the fourth quarter worth $43,000. Centaurus Financial Inc. purchased a new position in Invesco RAFI Strategic US ETF during the fourth quarter worth $103,000. Foguth Wealth Management LLC. purchased a new position in Invesco RAFI Strategic US ETF during the first quarter worth $4,124,000. Finally, Cambridge Investment Research Advisors Inc. increased its position in Invesco RAFI Strategic US ETF by 24.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 39,174 shares of the company’s stock worth $1,859,000 after buying an additional 7,715 shares in the last quarter.

Invesco RAFI Strategic US ETF Stock Up 0.8 %

IUS stock opened at $49.18 on Monday. Invesco RAFI Strategic US ETF has a 52-week low of $38.00 and a 52-week high of $49.66. The stock’s fifty day simple moving average is $48.30 and its 200-day simple moving average is $47.29. The stock has a market capitalization of $530.16 million, a price-to-earnings ratio of 19.85 and a beta of 0.96.

Invesco RAFI Strategic US ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 24th were issued a dividend of $0.1768 per share. This is a boost 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 dividend yield of 1.44%.

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.