Commonwealth Equity Services LLC Buys 135,109 Shares of Invesco RAFI Strategic US ETF $IUS

Commonwealth Equity Services LLC bought a new stake in Invesco RAFI Strategic US ETF (NASDAQ:IUS) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 135,109 shares of the company’s stock, valued at approximately $9,162,000.

Other hedge funds also recently added to or reduced their stakes in the company. First PREMIER Bank bought a new position in shares of Invesco RAFI Strategic US ETF during the second quarter worth about $41,000. Pinnacle Wealth Planning Services Inc. bought a new stake in Invesco RAFI Strategic US ETF in the 3rd quarter valued at about $46,000. Independent Financial Group LLC acquired a new position in Invesco RAFI Strategic US ETF during the 1st quarter valued at about $251,000. Fermata Advisors LLC boosted its stake in Invesco RAFI Strategic US ETF by 3.2% during the 3rd quarter. Fermata Advisors LLC now owns 7,636 shares of the company’s stock valued at $518,000 after purchasing an additional 239 shares during the period. Finally, Royal Bank of Canada boosted its stake in Invesco RAFI Strategic US ETF by 60.3% during the 1st quarter. Royal Bank of Canada now owns 11,430 shares of the company’s stock valued at $662,000 after purchasing an additional 4,299 shares during the period.

Invesco RAFI Strategic US ETF Trading Up 0.2%

Shares of NASDAQ:IUS opened at $71.01 on Friday. The firm’s 50 day moving average is $69.66 and its two-hundred day moving average is $65.25. Invesco RAFI Strategic US ETF has a 52 week low of $54.53 and a 52 week high of $71.96. The firm has a market capitalization of $1.05 billion, a P/E ratio of 19.79 and a beta of 0.87.

Invesco RAFI Strategic US ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Monday, September 21st were issued a dividend of $0.2284 per share. This represents a $0.91 dividend on an annualized basis and a dividend yield of 1.3%. This is a positive change from Invesco RAFI Strategic US ETF’s previous quarterly dividend of $0.2054. The ex-dividend date of this dividend was Monday, September 21st.

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.