Intelligence Driven Advisers LLC Cuts Stock Position in Invesco RAFI Strategic US ETF $IUS

Intelligence Driven Advisers LLC trimmed its position in shares of Invesco RAFI Strategic US ETF (NASDAQ:IUS) by 17.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 550,031 shares of the company’s stock after selling 112,711 shares during the period. Invesco RAFI Strategic US ETF comprises 5.6% of Intelligence Driven Advisers LLC’s holdings, making the stock its 7th biggest holding. Intelligence Driven Advisers LLC’s holdings in Invesco RAFI Strategic US ETF were worth $31,854,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Independent Financial Group LLC purchased a new position in shares of Invesco RAFI Strategic US ETF during the first quarter valued at approximately $251,000. ARQ Wealth Advisors LLC grew its stake in shares of Invesco RAFI Strategic US ETF by 3.3% during the first quarter. ARQ Wealth Advisors LLC now owns 203,325 shares of the company’s stock valued at $11,775,000 after buying an additional 6,533 shares during the last quarter. Kestra Advisory Services LLC raised its holdings in shares of Invesco RAFI Strategic US ETF by 6.5% in the first quarter. Kestra Advisory Services LLC now owns 270,283 shares of the company’s stock worth $15,653,000 after buying an additional 16,427 shares during the period. World Investment Advisors raised its holdings in shares of Invesco RAFI Strategic US ETF by 3.7% in the first quarter. World Investment Advisors now owns 69,973 shares of the company’s stock worth $4,052,000 after buying an additional 2,475 shares during the period. Finally, Lighthouse Wealth Management Inc. lifted its stake in shares of Invesco RAFI Strategic US ETF by 2.8% during the 1st quarter. Lighthouse Wealth Management Inc. now owns 174,573 shares of the company’s stock worth $10,110,000 after acquiring an additional 4,675 shares during the last quarter.

Invesco RAFI Strategic US ETF Stock Performance

Shares of IUS stock opened at $66.89 on Monday. The stock has a 50 day moving average price of $65.78 and a 200 day moving average price of $62.06. Invesco RAFI Strategic US ETF has a 52-week low of $50.96 and a 52-week high of $67.47. The firm has a market capitalization of $901.68 million, a P/E ratio of 18.38 and a beta of 0.87.

Invesco RAFI Strategic US ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were paid a $0.2054 dividend. The ex-dividend date was Monday, June 22nd. This represents a $0.82 dividend on an annualized basis and a yield of 1.2%.

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.