LPL Financial LLC Has $9.76 Million Stock Position in Invesco RAFI Strategic US ETF (NASDAQ:IUS)

LPL Financial LLC raised its position in Invesco RAFI Strategic US ETF (NASDAQ:IUS) by 23.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 254,835 shares of the company’s stock after acquiring an additional 49,092 shares during the period. LPL Financial LLC owned about 5.50% of Invesco RAFI Strategic US ETF worth $9,760,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in IUS. PFS Investments Inc. raised its holdings in Invesco RAFI Strategic US ETF by 10.4% in the 4th quarter. PFS Investments Inc. now owns 1,693,502 shares of the company’s stock valued at $61,847,000 after acquiring an additional 159,861 shares in the last quarter. Merit Financial Group LLC lifted its position in shares of Invesco RAFI Strategic US ETF by 43.9% during the 1st quarter. Merit Financial Group LLC now owns 329,324 shares of the company’s stock worth $12,613,000 after buying an additional 100,424 shares during the period. McIlrath & Eck LLC lifted its position in shares of Invesco RAFI Strategic US ETF by 23.8% during the 4th quarter. McIlrath & Eck LLC now owns 358,617 shares of the company’s stock worth $13,097,000 after buying an additional 68,963 shares during the period. Raymond James & Associates bought a new position in shares of Invesco RAFI Strategic US ETF during the 4th quarter worth approximately $2,330,000. Finally, Cambridge Investment Research Advisors Inc. bought a new position in shares of Invesco RAFI Strategic US ETF during the 4th quarter worth approximately $1,389,000.

Invesco RAFI Strategic US ETF Price Performance

Invesco RAFI Strategic US ETF stock opened at $40.53 on Monday. The business has a 50 day simple moving average of $40.85 and a 200 day simple moving average of $39.37. Invesco RAFI Strategic US ETF has a one year low of $32.87 and a one year high of $42.15. The company has a market capitalization of $210.76 million, a PE ratio of 21.54 and a beta of 0.96.

Invesco RAFI Strategic US ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 23rd. Investors of record on Wednesday, June 21st were issued a dividend of $0.174 per share. The ex-dividend date was Tuesday, June 20th. This represents a $0.70 dividend on an annualized basis and a yield of 1.72%.

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.