Davies Financial Advisors Inc. Invests $239,000 in Invesco RAFI Strategic US ETF (NASDAQ:IUS)

Davies Financial Advisors Inc. bought a new position in shares of Invesco RAFI Strategic US ETF (NASDAQ:IUS) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 5,040 shares of the company’s stock, valued at approximately $239,000.

Other hedge funds also recently modified their holdings of the company. Principal Securities Inc. acquired a new stake in shares of Invesco RAFI Strategic US ETF during the 4th quarter worth about $43,000. CWM LLC acquired a new stake in shares of Invesco RAFI Strategic US ETF during the 2nd quarter worth about $90,000. Centaurus Financial Inc. acquired a new stake in shares of Invesco RAFI Strategic US ETF during the 4th quarter worth about $103,000. Advisors Preferred LLC acquired a new stake in shares of Invesco RAFI Strategic US ETF during the 1st quarter worth about $193,000. Finally, Global Retirement Partners LLC raised its stake in Invesco RAFI Strategic US ETF by 8.4% in the 1st quarter. Global Retirement Partners LLC now owns 4,550 shares of the company’s stock worth $216,000 after purchasing an additional 352 shares in the last quarter.

Invesco RAFI Strategic US ETF Price Performance

Invesco RAFI Strategic US ETF stock traded up $0.40 during midday trading on Friday, hitting $49.64. The company’s stock had a trading volume of 43,015 shares, compared to its average volume of 96,699. Invesco RAFI Strategic US ETF has a 1-year low of $38.00 and a 1-year high of $49.66. The company has a 50-day moving average price of $48.08 and a two-hundred day moving average price of $47.00. The company has a market cap of $535.12 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 disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 24th were paid a $0.1768 dividend. This is a boost from Invesco RAFI Strategic US ETF’s previous quarterly dividend of $0.17. The ex-dividend date was Monday, June 24th. This represents a $0.71 annualized dividend and a yield of 1.42%.

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.