Wealth Enhancement Advisory Services LLC Cuts Holdings in Invesco RAFI Strategic US ETF (NASDAQ:IUS)

Wealth Enhancement Advisory Services LLC cut its position in shares of Invesco RAFI Strategic US ETF (NASDAQ:IUS) by 4.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,500 shares of the company’s stock after selling 361 shares during the quarter. Wealth Enhancement Advisory Services LLC owned approximately 0.06% of Invesco RAFI Strategic US ETF worth $377,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. CWM LLC purchased a new position in Invesco RAFI Strategic US ETF during the second quarter worth about $90,000. Advisors Preferred LLC bought a new stake in Invesco RAFI Strategic US ETF in the first quarter worth about $193,000. Davies Financial Advisors Inc. bought a new stake in Invesco RAFI Strategic US ETF in the second quarter worth about $239,000. Dynamic Advisor Solutions LLC raised its position in Invesco RAFI Strategic US ETF by 19.4% in the third quarter. Dynamic Advisor Solutions LLC now owns 5,080 shares of the company’s stock worth $256,000 after acquiring an additional 827 shares during the period. Finally, Cetera Advisors LLC bought a new stake in Invesco RAFI Strategic US ETF in the first quarter worth about $245,000.

Invesco RAFI Strategic US ETF Stock Performance

Shares of IUS stock opened at $51.60 on Friday. The firm has a market cap of $608.88 million, a price-to-earnings ratio of 19.85 and a beta of 0.96. Invesco RAFI Strategic US ETF has a 52 week low of $39.51 and a 52 week high of $51.71. The firm’s 50-day simple moving average is $49.86 and its two-hundred day simple moving average is $48.30.

Invesco RAFI Strategic US ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were given a $0.207 dividend. This is a positive change from Invesco RAFI Strategic US ETF’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $0.83 annualized dividend and a yield of 1.60%.

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.