Tandem Financial LLC Invests $3.41 Million in Invesco RAFI Strategic US ETF $IUS

Tandem Financial LLC acquired a new stake in shares of Invesco RAFI Strategic US ETF (NASDAQ:IUS) in the second quarter, Holdings Channel reports. The fund acquired 66,181 shares of the company’s stock, valued at approximately $3,408,000. Invesco RAFI Strategic US ETF accounts for 3.2% of Tandem Financial LLC’s investment portfolio, making the stock its 11th biggest holding.

Several other large investors have also recently added to or reduced their stakes in the stock. Highline Wealth Partners LLC acquired a new stake in shares of Invesco RAFI Strategic US ETF in the 2nd quarter worth about $25,000. Richmond Investment Services LLC acquired a new position in shares of Invesco RAFI Strategic US ETF during the second quarter worth approximately $231,000. Stratos Wealth Partners LTD. boosted its position in shares of Invesco RAFI Strategic US ETF by 5.8% during the second quarter. Stratos Wealth Partners LTD. now owns 7,428 shares of the company’s stock worth $383,000 after buying an additional 406 shares during the period. Mainstay Capital Management LLC ADV grew its holdings in Invesco RAFI Strategic US ETF by 22.4% in the 2nd quarter. Mainstay Capital Management LLC ADV now owns 8,428 shares of the company’s stock worth $434,000 after buying an additional 1,543 shares in the last quarter. Finally, Lokken Investment Group LLC increased its position in Invesco RAFI Strategic US ETF by 39.9% in the 2nd quarter. Lokken Investment Group LLC now owns 10,689 shares of the company’s stock valued at $550,000 after acquiring an additional 3,048 shares during the period.

Invesco RAFI Strategic US ETF Stock Performance

Shares of IUS stock opened at $57.04 on Tuesday. Invesco RAFI Strategic US ETF has a 1 year low of $42.97 and a 1 year high of $57.65. The firm has a market capitalization of $695.89 million, a PE ratio of 18.38 and a beta of 0.93. The stock has a fifty day moving average of $55.95 and a two-hundred day moving average of $53.62.

Invesco RAFI Strategic US ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were given a dividend of $0.2136 per share. This is a positive change from Invesco RAFI Strategic US ETF’s previous quarterly dividend of $0.21. The ex-dividend date was Monday, September 22nd. This represents a $0.85 dividend on an annualized basis and a dividend 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.