Merit Financial Group LLC Sells 6,738 Shares of Invesco RAFI Strategic US ETF $IUS

Merit Financial Group LLC lessened its holdings in Invesco RAFI Strategic US ETF (NASDAQ:IUS) by 2.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 236,620 shares of the company’s stock after selling 6,738 shares during the period. Merit Financial Group LLC owned about 1.94% of Invesco RAFI Strategic US ETF worth $12,186,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in IUS. Highline Wealth Partners LLC bought a new stake in shares of Invesco RAFI Strategic US ETF in the 2nd quarter worth $25,000. Hughes Financial Services LLC purchased a new position in Invesco RAFI Strategic US ETF during the first quarter worth about $80,000. Mainstay Capital Management LLC ADV grew 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 worth $340,000 after purchasing an additional 1,246 shares in the last quarter. Lokken Investment Group LLC grew its holdings in shares of Invesco RAFI Strategic US ETF by 52.9% in the first quarter. Lokken Investment Group LLC now owns 7,641 shares of the company’s stock valued at $377,000 after acquiring an additional 2,645 shares in the last quarter. Finally, Allworth Financial LP increased its position in shares of Invesco RAFI Strategic US ETF by 4.4% during the first quarter. Allworth Financial LP now owns 10,440 shares of the company’s stock valued at $495,000 after acquiring an additional 437 shares during the last quarter.

Invesco RAFI Strategic US ETF Trading Up 0.2%

Shares of Invesco RAFI Strategic US ETF stock opened at $55.60 on Friday. The firm has a market capitalization of $671.65 million, a P/E ratio of 18.38 and a beta of 0.96. The business’s fifty day simple moving average is $53.78 and its 200 day simple moving average is $50.99. Invesco RAFI Strategic US ETF has a 12 month low of $42.97 and a 12 month high of $55.91.

Invesco RAFI Strategic US ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Monday, September 22nd were issued a dividend of $0.2136 per share. This represents a $0.85 dividend on an annualized basis and a yield of 1.5%. This is a boost from Invesco RAFI Strategic US ETF’s previous quarterly dividend of $0.21. The ex-dividend date was Monday, September 22nd.

Invesco RAFI Strategic US ETF 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.