Nova Wealth Management Inc. Purchases 1,966 Shares of Invesco RAFI Strategic US ETF $IUS

Nova Wealth Management Inc. lifted its position in Invesco RAFI Strategic US ETF (NASDAQ:IUS) by 6.3% during the 1st quarter, HoldingsChannel reports. The firm owned 33,062 shares of the company’s stock after acquiring an additional 1,966 shares during the quarter. Invesco RAFI Strategic US ETF accounts for about 1.4% of Nova Wealth Management Inc.’s investment portfolio, making the stock its 12th largest holding. Nova Wealth Management Inc.’s holdings in Invesco RAFI Strategic US ETF were worth $1,632,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Allworth Financial LP increased its holdings 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 during the last quarter. Cetera Investment Advisers increased its holdings in shares of Invesco RAFI Strategic US ETF by 1.7% in the first quarter. Cetera Investment Advisers now owns 62,343 shares of the company’s stock worth $3,077,000 after purchasing an additional 1,012 shares during the last quarter. Mainstay Capital Management LLC ADV increased its holdings in shares of Invesco RAFI Strategic US ETF by 22.1% in the first quarter. Mainstay Capital Management LLC ADV now owns 6,885 shares of the company’s stock worth $340,000 after purchasing an additional 1,246 shares during the last quarter. ARQ Wealth Advisors LLC increased 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 purchasing an additional 1,456 shares during the last quarter. Finally, Hughes Financial Services LLC bought a new stake in shares of Invesco RAFI Strategic US ETF in the first quarter worth about $80,000.

Invesco RAFI Strategic US ETF Trading Up 1.1%

Shares of IUS stock opened at $54.98 on Friday. The stock has a market capitalization of $664.16 million, a price-to-earnings ratio of 18.38 and a beta of 0.96. Invesco RAFI Strategic US ETF has a 12-month low of $42.97 and a 12-month high of $55.00. The stock’s 50-day moving average price is $52.83 and its 200-day moving average price is $50.41.

Invesco RAFI Strategic US ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Monday, June 23rd were given a $0.2069 dividend. The ex-dividend date was Monday, June 23rd. This represents a $0.83 annualized dividend and a yield of 1.5%.

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.