Intelligence Driven Advisers LLC Boosts Position in Invesco RAFI Strategic US ETF $IUS

Intelligence Driven Advisers LLC lifted its stake in shares of Invesco RAFI Strategic US ETF (NASDAQ:IUS) by 18.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 657,759 shares of the company’s stock after buying an additional 104,134 shares during the quarter. Invesco RAFI Strategic US ETF comprises approximately 5.0% of Intelligence Driven Advisers LLC’s investment portfolio, making the stock its 7th largest holding. Intelligence Driven Advisers LLC owned about 0.05% of Invesco RAFI Strategic US ETF worth $36,315,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Root Financial Partners LLC bought a new position in Invesco RAFI Strategic US ETF during the third quarter worth $60,000. Corient Private Wealth LLC acquired a new position in shares of Invesco RAFI Strategic US ETF during the second quarter valued at about $208,000. Betterment LLC acquired a new position in shares of Invesco RAFI Strategic US ETF during the second quarter valued at about $214,000. Richmond Investment Services LLC bought a new position in shares of Invesco RAFI Strategic US ETF during the 2nd quarter worth about $231,000. Finally, Advyzon Investment Management LLC acquired a new stake in shares of Invesco RAFI Strategic US ETF in the 3rd quarter valued at about $396,000.

Invesco RAFI Strategic US ETF Price Performance

Shares of Invesco RAFI Strategic US ETF stock opened at $60.40 on Monday. The business has a 50-day simple moving average of $58.79 and a 200 day simple moving average of $56.47. Invesco RAFI Strategic US ETF has a one year low of $42.97 and a one year high of $60.94. The firm has a market capitalization of $736.88 million, a price-to-earnings ratio of 18.38 and a beta of 0.93.

Invesco RAFI Strategic US ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were issued a dividend of $0.2108 per share. The ex-dividend date was Monday, December 22nd. This represents a $0.84 annualized dividend and a dividend yield of 1.4%.

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.