Cetera Investment Advisers Has $1.75 Million Position in Invesco RAFI Strategic US ETF (NASDAQ:IUS)

Cetera Investment Advisers increased its position in shares of Invesco RAFI Strategic US ETF (NASDAQ:IUS) by 74.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,827 shares of the company’s stock after buying an additional 15,705 shares during the quarter. Cetera Investment Advisers owned 0.34% of Invesco RAFI Strategic US ETF worth $1,747,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in IUS. Intelligence Driven Advisers LLC acquired a new stake in Invesco RAFI Strategic US ETF during the first quarter worth about $11,249,000. LPL Financial LLC lifted its stake in Invesco RAFI Strategic US ETF by 35.8% during the second quarter. LPL Financial LLC now owns 824,299 shares of the company’s stock worth $39,097,000 after purchasing an additional 217,384 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in Invesco RAFI Strategic US ETF by 413.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 250,548 shares of the company’s stock worth $11,883,000 after purchasing an additional 201,709 shares during the period. ARQ Wealth Advisors LLC bought a new position in Invesco RAFI Strategic US ETF during the first quarter worth about $6,827,000. Finally, Bridge Advisory LLC bought a new position in Invesco RAFI Strategic US ETF during the second quarter worth about $5,237,000.

Invesco RAFI Strategic US ETF Stock Up 0.7 %

Shares of IUS opened at $50.83 on Tuesday. The stock has a market cap of $596.24 million, a price-to-earnings ratio of 19.85 and a beta of 0.96. Invesco RAFI Strategic US ETF has a 12 month low of $38.00 and a 12 month high of $50.85. The company has a 50-day moving average price of $49.09 and a two-hundred day moving average price of $47.82.

Invesco RAFI Strategic US ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were paid a $0.207 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $0.83 dividend on an annualized basis and a dividend yield of 1.63%. This is a boost from Invesco RAFI Strategic US ETF’s previous quarterly dividend of $0.18.

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.