Steward Partners Investment Advisory LLC Invests $645,000 in Invesco RAFI Strategic US ETF (NASDAQ:IUS)

Steward Partners Investment Advisory LLC acquired a new position in shares of Invesco RAFI Strategic US ETF (NASDAQ:IUS) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 12,988 shares of the company’s stock, valued at approximately $645,000. Steward Partners Investment Advisory LLC owned approximately 0.10% of Invesco RAFI Strategic US ETF at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. World Investment Advisors LLC purchased a new stake in Invesco RAFI Strategic US ETF during the 3rd quarter valued at $152,410,000. Lighthouse Wealth Management Inc. purchased a new stake in Invesco RAFI Strategic US ETF during the 4th quarter valued at $8,470,000. Eaton Financial Holdings Company LLC purchased a new stake in Invesco RAFI Strategic US ETF during the 3rd quarter valued at $4,194,000. Intelligence Driven Advisers LLC raised its holdings in Invesco RAFI Strategic US ETF by 20.1% during the 3rd quarter. Intelligence Driven Advisers LLC now owns 432,798 shares of the company’s stock valued at $21,770,000 after buying an additional 72,327 shares during the period. Finally, Merit Financial Group LLC raised its holdings in Invesco RAFI Strategic US ETF by 32.5% during the 4th quarter. Merit Financial Group LLC now owns 286,049 shares of the company’s stock valued at $14,208,000 after buying an additional 70,227 shares during the period.

Invesco RAFI Strategic US ETF Stock Down 1.3 %

IUS stock opened at $48.90 on Wednesday. The business’s fifty day simple moving average is $50.84 and its two-hundred day simple moving average is $50.53. Invesco RAFI Strategic US ETF has a twelve month low of $45.07 and a twelve month high of $52.38. The firm has a market cap of $640.59 million, a price-to-earnings ratio of 20.04 and a beta of 0.96.

Invesco RAFI Strategic US ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were paid a $0.1968 dividend. The ex-dividend date was Monday, December 23rd.

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.