Richmond Investment Services LLC Acquires New Stake in Invesco RAFI Strategic US ETF $IUS

Richmond Investment Services LLC bought a new position in Invesco RAFI Strategic US ETF (NASDAQ:IUS) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 4,494 shares of the company’s stock, valued at approximately $231,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Stratos Wealth Partners LTD. lifted its holdings in shares of Invesco RAFI Strategic US ETF by 5.8% in the second 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 in the last quarter. Highline Wealth Partners LLC acquired a new stake in Invesco RAFI Strategic US ETF in the 2nd quarter valued at approximately $25,000. IFG Advisory LLC lifted its stake in Invesco RAFI Strategic US ETF by 0.5% in the 2nd quarter. IFG Advisory LLC now owns 120,660 shares of the company’s stock valued at $6,214,000 after acquiring an additional 579 shares in the last quarter. Cetera Investment Advisers boosted its position in Invesco RAFI Strategic US ETF by 1.7% during the 1st quarter. Cetera Investment Advisers now owns 62,343 shares of the company’s stock worth $3,077,000 after acquiring an additional 1,012 shares during the last quarter. Finally, Mainstay Capital Management LLC ADV boosted its position in Invesco RAFI Strategic US ETF by 22.4% during the 2nd quarter. Mainstay Capital Management LLC ADV now owns 8,428 shares of the company’s stock worth $434,000 after acquiring an additional 1,543 shares during the last quarter.

Invesco RAFI Strategic US ETF Stock Up 0.6%

NASDAQ IUS opened at $57.11 on Thursday. The firm’s 50 day moving average is $55.60 and its 200-day moving average is $53.18. The company has a market capitalization of $696.74 million, a PE ratio of 18.38 and a beta of 0.93. Invesco RAFI Strategic US ETF has a 12-month low of $42.97 and a 12-month high of $57.25.

Invesco RAFI Strategic US ETF Increases Dividend

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

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.