PNC Financial Services Group Inc. Has $37,000 Holdings in Invesco RAFI Strategic US ETF $IUS

PNC Financial Services Group Inc. lessened its position in shares of Invesco RAFI Strategic US ETF (NASDAQ:IUS) by 25.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 750 shares of the company’s stock after selling 250 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Invesco RAFI Strategic US ETF were worth $37,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Hughes Financial Services LLC bought a new position in Invesco RAFI Strategic US ETF in the 1st quarter valued at $80,000. Wells Fargo & Company MN raised its position in Invesco RAFI Strategic US ETF by 417,900.0% in the 4th quarter. Wells Fargo & Company MN now owns 4,180 shares of the company’s stock valued at $208,000 after purchasing an additional 4,179 shares during the last quarter. BridgePort Financial Solutions LLC bought a new position in Invesco RAFI Strategic US ETF in the 4th quarter valued at $326,000. Mainstay Capital Management LLC ADV raised its position in Invesco RAFI Strategic US ETF by 22.1% in the 1st quarter. Mainstay Capital Management LLC ADV now owns 6,885 shares of the company’s stock valued at $340,000 after purchasing an additional 1,246 shares during the last quarter. Finally, Lokken Investment Group LLC raised its position in Invesco RAFI Strategic US ETF by 52.9% in the 1st quarter. Lokken Investment Group LLC now owns 7,641 shares of the company’s stock valued at $377,000 after purchasing an additional 2,645 shares during the last quarter.

Invesco RAFI Strategic US ETF Stock Up 1.6%

IUS stock opened at $53.82 on Friday. The company has a market cap of $650.15 million, a P/E ratio of 18.38 and a beta of 0.96. Invesco RAFI Strategic US ETF has a twelve month low of $42.97 and a twelve month high of $53.94. The business has a fifty day moving average of $51.97 and a 200-day moving average of $50.16.

Invesco RAFI Strategic US ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Monday, June 23rd were given a dividend of $0.2069 per share. The ex-dividend date was Monday, June 23rd. This represents a $0.83 dividend on an annualized basis and a dividend yield of 1.5%.

About Invesco RAFI Strategic US ETF

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.