Kingsview Wealth Management LLC Acquires 5,455 Shares of Invesco RAFI Strategic US ETF (NASDAQ:IUS)

Kingsview Wealth Management LLC raised its holdings in shares of Invesco RAFI Strategic US ETF (NASDAQ:IUS) by 4.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 117,897 shares of the company’s stock after acquiring an additional 5,455 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Invesco RAFI Strategic US ETF were worth $5,930,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Lifeworks Advisors LLC grew its stake in shares of Invesco RAFI Strategic US ETF by 16.6% during the 3rd quarter. Lifeworks Advisors LLC now owns 5,284 shares of the company’s stock worth $266,000 after acquiring an additional 752 shares in the last quarter. Intelligence Driven Advisers LLC grew its stake in shares of Invesco RAFI Strategic US ETF by 20.1% in the third quarter. Intelligence Driven Advisers LLC now owns 432,798 shares of the company’s stock valued at $21,770,000 after buying an additional 72,327 shares in the last quarter. Sigma Planning Corp bought a new position in shares of Invesco RAFI Strategic US ETF in the third quarter valued at $205,000. Strategic Blueprint LLC lifted its holdings in Invesco RAFI Strategic US ETF by 38.2% during the 3rd quarter. Strategic Blueprint LLC now owns 7,194 shares of the company’s stock valued at $362,000 after purchasing an additional 1,987 shares during the last quarter. Finally, AllGen Financial Advisors Inc. acquired a new stake in Invesco RAFI Strategic US ETF during the 3rd quarter valued at $235,000.

Invesco RAFI Strategic US ETF Price Performance

Shares of Invesco RAFI Strategic US ETF stock opened at $51.77 on Friday. The business has a fifty day simple moving average of $50.38 and a two-hundred day simple moving average of $48.68. Invesco RAFI Strategic US ETF has a 1 year low of $41.22 and a 1 year high of $51.91. The company has a market capitalization of $610.89 million, a price-to-earnings ratio of 19.85 and a beta of 0.96.

Invesco RAFI Strategic US ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were issued a dividend of $0.207 per share. This is an increase from Invesco RAFI Strategic US ETF’s previous quarterly dividend of $0.18. The ex-dividend date was Monday, September 23rd. This represents a $0.83 annualized dividend and a yield of 1.60%.

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.