Synergy Investment Management LLC Takes $2.75 Million Position in Invesco RAFI Strategic US ETF $IUS

Synergy Investment Management LLC bought a new stake in Invesco RAFI Strategic US ETF (NASDAQ:IUS) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 49,768 shares of the company’s stock, valued at approximately $2,748,000. Invesco RAFI Strategic US ETF accounts for approximately 1.0% of Synergy Investment Management LLC’s holdings, making the stock its 28th largest position. Synergy Investment Management LLC owned about 0.41% of Invesco RAFI Strategic US ETF at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Root Financial Partners LLC acquired a new stake in Invesco RAFI Strategic US ETF during the third quarter valued at approximately $60,000. Corient Private Wealth LLC acquired a new stake in Invesco RAFI Strategic US ETF in the 2nd quarter valued at $208,000. Betterment LLC bought a new stake in Invesco RAFI Strategic US ETF in the second quarter valued at $214,000. Richmond Investment Services LLC acquired a new position in Invesco RAFI Strategic US ETF during the second quarter worth $231,000. Finally, Stratos Wealth Partners LTD. lifted its holdings 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 valued at $383,000 after acquiring an additional 406 shares during the period.

Invesco RAFI Strategic US ETF Stock Up 0.6%

Invesco RAFI Strategic US ETF stock opened at $60.28 on Thursday. The business’s 50-day simple moving average is $58.69 and its 200 day simple moving average is $56.32. The stock has a market cap of $735.42 million, a price-to-earnings ratio of 18.38 and a beta of 0.93. Invesco RAFI Strategic US ETF has a 12-month low of $42.97 and a 12-month high of $60.94.

Invesco RAFI Strategic US ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were issued a dividend of $0.2108 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Monday, December 22nd.

Invesco RAFI Strategic US ETF 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.