Merit Financial Group LLC Acquires 70,227 Shares of Invesco RAFI Strategic US ETF (NASDAQ:IUS)

Merit Financial Group LLC grew its holdings in Invesco RAFI Strategic US ETF (NASDAQ:IUS) by 32.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 286,049 shares of the company’s stock after buying an additional 70,227 shares during the quarter. Merit Financial Group LLC’s holdings in Invesco RAFI Strategic US ETF were worth $14,208,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. World Investment Advisors LLC acquired a new position in Invesco RAFI Strategic US ETF during the 3rd quarter worth $152,410,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Invesco RAFI Strategic US ETF by 413.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 250,548 shares of the company’s stock worth $11,883,000 after acquiring an additional 201,709 shares during the last quarter. Eaton Financial Holdings Company LLC bought a new stake in shares of Invesco RAFI Strategic US ETF during the third quarter worth $4,194,000. Intelligence Driven Advisers LLC lifted its stake in shares of Invesco RAFI Strategic US ETF by 20.1% during the third quarter. Intelligence Driven Advisers LLC now owns 432,798 shares of the company’s stock valued at $21,770,000 after acquiring an additional 72,327 shares during the period. Finally, Susquehanna International Group LLP boosted its holdings in Invesco RAFI Strategic US ETF by 165.0% in the second quarter. Susquehanna International Group LLP now owns 70,184 shares of the company’s stock valued at $3,329,000 after acquiring an additional 43,701 shares during the last quarter.

Invesco RAFI Strategic US ETF Trading Up 0.7 %

Shares of NASDAQ:IUS opened at $50.90 on Friday. Invesco RAFI Strategic US ETF has a 1-year low of $42.66 and a 1-year high of $52.38. The stock has a market capitalization of $648.98 million, a P/E ratio of 19.85 and a beta of 0.96. The business has a 50-day moving average price of $50.88 and a two-hundred day moving average price of $49.69.

Invesco RAFI Strategic US ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were paid a dividend of $0.1968 per share. The ex-dividend date was Monday, December 23rd.

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.