Prosperity Wealth Management Inc. Increases Position in Invesco RAFI Strategic US ETF (NASDAQ:IUS)

Prosperity Wealth Management Inc. increased its stake in Invesco RAFI Strategic US ETF (NASDAQ:IUS) by 2.8% during the 4th quarter, HoldingsChannel reports. The firm owned 100,911 shares of the company’s stock after acquiring an additional 2,789 shares during the period. Invesco RAFI Strategic US ETF comprises 2.1% of Prosperity Wealth Management Inc.’s holdings, making the stock its 9th largest position. Prosperity Wealth Management Inc.’s holdings in Invesco RAFI Strategic US ETF were worth $5,012,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. FMR LLC raised its stake in Invesco RAFI Strategic US ETF by 46.0% during the 3rd quarter. FMR LLC now owns 962 shares of the company’s stock valued at $48,000 after acquiring an additional 303 shares in the last quarter. Sigma Planning Corp acquired a new position in shares of Invesco RAFI Strategic US ETF during the 3rd quarter valued at $205,000. Lifeworks Advisors LLC increased its position in shares of Invesco RAFI Strategic US ETF by 16.6% during the 3rd quarter. Lifeworks Advisors LLC now owns 5,284 shares of the company’s stock valued at $266,000 after purchasing an additional 752 shares during the period. M.E. Allison & CO. Inc. acquired a new position in shares of Invesco RAFI Strategic US ETF during the 4th quarter valued at $273,000. Finally, Flagstar Advisors Inc. increased its position in shares of Invesco RAFI Strategic US ETF by 11.3% during the 4th quarter. Flagstar Advisors Inc. now owns 6,509 shares of the company’s stock valued at $323,000 after purchasing an additional 661 shares during the period.

Invesco RAFI Strategic US ETF Stock Performance

Shares of IUS stock opened at $48.90 on Wednesday. Invesco RAFI Strategic US ETF has a 1 year low of $45.07 and a 1 year high of $52.38. The stock has a market cap of $640.59 million, a PE ratio of 20.04 and a beta of 0.96. The business’s fifty day moving average is $50.84 and its 200-day moving average is $50.53.

Invesco RAFI Strategic US ETF Dividend Announcement

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

Invesco RAFI Strategic US ETF Company 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.