Centric Wealth Management Purchases Shares of 6,564 Invesco RAFI Strategic US ETF (NASDAQ:IUS)

Centric Wealth Management acquired a new position in shares of Invesco RAFI Strategic US ETF (NASDAQ:IUS) during the 3rd quarter, Holdings Channel reports. The fund acquired 6,564 shares of the company’s stock, valued at approximately $337,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. LPL Financial LLC increased its position in Invesco RAFI Strategic US ETF by 35.8% in the second quarter. LPL Financial LLC now owns 824,299 shares of the company’s stock worth $39,097,000 after purchasing an additional 217,384 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Invesco RAFI Strategic US ETF by 413.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 250,548 shares of the company’s stock worth $11,883,000 after buying an additional 201,709 shares in the last quarter. Intelligence Driven Advisers LLC increased its holdings in shares of Invesco RAFI Strategic US ETF by 52.1% in the 2nd quarter. Intelligence Driven Advisers LLC now owns 360,471 shares of the company’s stock worth $17,097,000 after buying an additional 123,440 shares during the last quarter. Bridge Advisory LLC bought a new position in shares of Invesco RAFI Strategic US ETF in the 2nd quarter valued at about $5,237,000. Finally, Susquehanna International Group LLP grew its position 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 worth $3,329,000 after acquiring an additional 43,701 shares in the last quarter.

Invesco RAFI Strategic US ETF Stock Performance

Shares of Invesco RAFI Strategic US ETF stock opened at $52.03 on Friday. The stock has a 50 day moving average price of $50.58 and a 200-day moving average price of $48.84. Invesco RAFI Strategic US ETF has a one year low of $41.22 and a one year high of $52.32. The stock has a market cap of $613.98 million, a price-to-earnings ratio of 19.85 and a beta of 0.96.

Invesco RAFI Strategic US ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were paid a $0.207 dividend. The ex-dividend date was Monday, September 23rd. This represents a $0.83 annualized dividend and a dividend yield of 1.59%. This is an increase from Invesco RAFI Strategic US ETF’s previous quarterly dividend of $0.18.

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.