Davies Financial Advisors Inc. Sells 4,865 Shares of Invesco RAFI Strategic US ETF $IUS

Davies Financial Advisors Inc. lowered its position in shares of Invesco RAFI Strategic US ETF (NASDAQ:IUS) by 11.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,320 shares of the company’s stock after selling 4,865 shares during the quarter. Invesco RAFI Strategic US ETF accounts for approximately 1.5% of Davies Financial Advisors Inc.’s investment portfolio, making the stock its 13th biggest holding. Davies Financial Advisors Inc.’s holdings in Invesco RAFI Strategic US ETF were worth $1,973,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IUS. Highline Wealth Partners LLC bought a new position in shares of Invesco RAFI Strategic US ETF in the second quarter valued at approximately $25,000. Mainstay Capital Management LLC ADV boosted its position in Invesco RAFI Strategic US ETF by 22.1% in the first 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 during the last quarter. Stratos Wealth Partners LTD. grew its stake in Invesco RAFI Strategic US ETF by 5.8% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 7,428 shares of the company’s stock valued at $383,000 after purchasing an additional 406 shares during the period. Lokken Investment Group LLC increased its position in shares of Invesco RAFI Strategic US ETF by 39.9% during the 2nd quarter. Lokken Investment Group LLC now owns 10,689 shares of the company’s stock valued at $550,000 after purchasing an additional 3,048 shares during the last quarter. Finally, Sigma Planning Corp increased its position in shares of Invesco RAFI Strategic US ETF by 160.7% during the 1st quarter. Sigma Planning Corp now owns 11,256 shares of the company’s stock valued at $556,000 after purchasing an additional 6,939 shares during the last quarter.

Invesco RAFI Strategic US ETF Price Performance

NASDAQ IUS opened at $56.03 on Friday. The business’s fifty day moving average is $55.40 and its 200-day moving average is $52.68. The stock has a market capitalization of $683.57 million, a price-to-earnings ratio of 18.38 and a beta of 0.93. Invesco RAFI Strategic US ETF has a one year low of $42.97 and a one year high of $56.89.

Invesco RAFI Strategic US ETF Increases Dividend

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

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.