Merit Financial Group LLC Sells 6,738 Shares of Invesco RAFI Strategic US ETF $IUS

Merit Financial Group LLC reduced its position in Invesco RAFI Strategic US ETF (NASDAQ:IUS) by 2.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 236,620 shares of the company’s stock after selling 6,738 shares during the period. Merit Financial Group LLC’s holdings in Invesco RAFI Strategic US ETF were worth $12,186,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in IUS. Allworth Financial LP increased its stake in shares of Invesco RAFI Strategic US ETF by 4.4% in the first quarter. Allworth Financial LP now owns 10,440 shares of the company’s stock worth $495,000 after purchasing an additional 437 shares in the last quarter. Highline Wealth Partners LLC purchased a new position in Invesco RAFI Strategic US ETF in the 2nd quarter valued at approximately $25,000. Cetera Investment Advisers raised its holdings 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 valued at $3,077,000 after acquiring an additional 1,012 shares during the period. Mainstay Capital Management LLC ADV lifted its position in shares of Invesco RAFI Strategic US ETF by 22.1% during the first quarter. Mainstay Capital Management LLC ADV now owns 6,885 shares of the company’s stock worth $340,000 after acquiring an additional 1,246 shares in the last quarter. Finally, ARQ Wealth Advisors LLC boosted its holdings in shares of Invesco RAFI Strategic US ETF by 0.7% in the first quarter. ARQ Wealth Advisors LLC now owns 208,138 shares of the company’s stock worth $10,274,000 after acquiring an additional 1,456 shares during the period.

Invesco RAFI Strategic US ETF Stock Performance

Shares of NASDAQ IUS opened at $55.60 on Friday. The stock has a market cap of $671.65 million, a PE ratio of 18.38 and a beta of 0.96. Invesco RAFI Strategic US ETF has a fifty-two week low of $42.97 and a fifty-two week high of $55.91. The stock has a fifty day moving average of $53.78 and a 200-day moving average of $50.99.

Invesco RAFI Strategic US ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were issued a dividend of $0.2136 per share. This represents a $0.85 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Monday, September 22nd. This is a boost 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.