AIFG Consultants Ltd. Sells 1,259 Shares of Invesco RAFI Strategic US ETF $IUS

AIFG Consultants Ltd. reduced its stake in shares of Invesco RAFI Strategic US ETF (NASDAQ:IUS) by 3.5% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 34,518 shares of the company’s stock after selling 1,259 shares during the period. Invesco RAFI Strategic US ETF makes up 3.5% of AIFG Consultants Ltd.’s holdings, making the stock its 7th biggest holding. AIFG Consultants Ltd.’s holdings in Invesco RAFI Strategic US ETF were worth $1,778,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of IUS. Breakwater Capital Group raised its holdings in shares of Invesco RAFI Strategic US ETF by 97.5% during the 1st quarter. Breakwater Capital Group now owns 15,359 shares of the company’s stock valued at $758,000 after buying an additional 7,581 shares during the period. Signal Advisors Wealth LLC raised its holdings in shares of Invesco RAFI Strategic US ETF by 11.4% during the 1st quarter. Signal Advisors Wealth LLC now owns 103,426 shares of the company’s stock valued at $5,105,000 after buying an additional 10,620 shares during the period. Sovereign Financial Group Inc. raised its holdings in shares of Invesco RAFI Strategic US ETF by 6.1% during the 1st quarter. Sovereign Financial Group Inc. now owns 39,143 shares of the company’s stock valued at $1,932,000 after buying an additional 2,260 shares during the period. Farther Finance Advisors LLC purchased a new stake in shares of Invesco RAFI Strategic US ETF during the 1st quarter valued at about $1,109,000. Finally, Redhawk Wealth Advisors Inc. purchased a new stake in shares of Invesco RAFI Strategic US ETF during the 1st quarter valued at about $702,000.

Invesco RAFI Strategic US ETF Stock Performance

Shares of NASDAQ:IUS opened at $55.60 on Friday. The company has a market cap of $671.65 million, a P/E ratio of 18.38 and a beta of 0.96. Invesco RAFI Strategic US ETF has a one year low of $42.97 and a one year high of $55.91. The business’s 50-day simple moving average is $53.78 and its 200 day simple moving average is $50.98.

Invesco RAFI Strategic US ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Monday, September 22nd were issued a dividend of $0.2136 per share. This represents a $0.85 annualized dividend and a dividend 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.