Raymond James & Associates Lowers Position in Invesco RAFI Strategic US ETF (NASDAQ:IUS)

Raymond James & Associates decreased its stake in Invesco RAFI Strategic US ETF (NASDAQ:IUS) by 74.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,048 shares of the company’s stock after selling 32,720 shares during the quarter. Raymond James & Associates owned approximately 0.17% of Invesco RAFI Strategic US ETF worth $478,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in IUS. Anchor Investment Management LLC bought a new stake in Invesco RAFI Strategic US ETF during the 4th quarter worth approximately $41,000. Global Retirement Partners LLC lifted its position in shares of Invesco RAFI Strategic US ETF by 64.4% in the third quarter. Global Retirement Partners LLC now owns 1,649 shares of the company’s stock valued at $65,000 after acquiring an additional 646 shares in the last quarter. Dynamic Advisor Solutions LLC bought a new position in shares of Invesco RAFI Strategic US ETF in the fourth quarter worth about $211,000. Advisors Preferred LLC grew its position in shares of Invesco RAFI Strategic US ETF by 121.9% during the third quarter. Advisors Preferred LLC now owns 6,863 shares of the company’s stock worth $272,000 after purchasing an additional 3,770 shares in the last quarter. Finally, Axxcess Wealth Management LLC bought a new stake in Invesco RAFI Strategic US ETF during the 3rd quarter valued at approximately $510,000.

Invesco RAFI Strategic US ETF Price Performance

Shares of IUS opened at $45.96 on Friday. The firm has a market cap of $507.86 million, a P/E ratio of 19.54 and a beta of 0.96. Invesco RAFI Strategic US ETF has a 1 year low of $37.58 and a 1 year high of $47.66. The company has a 50 day simple moving average of $46.22 and a two-hundred day simple moving average of $43.50.

Invesco RAFI Strategic US ETF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Tuesday, March 19th were issued a $0.174 dividend. The ex-dividend date was Monday, March 18th. This represents a $0.70 dividend on an annualized basis and a yield of 1.51%.

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.