Advisors Preferred LLC Takes $193,000 Position in Invesco RAFI Strategic US ETF (NASDAQ:IUS)

Advisors Preferred LLC purchased a new stake in Invesco RAFI Strategic US ETF (NASDAQ:IUS) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 4,071 shares of the company’s stock, valued at approximately $193,000.

A number of other large investors have also made changes to their positions in the stock. Intelligence Driven Advisers LLC acquired a new stake in Invesco RAFI Strategic US ETF in the 1st quarter valued at about $11,249,000. Raymond James Financial Services Advisors Inc. grew its stake in Invesco RAFI Strategic US ETF by 120.4% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 247,532 shares of the company’s stock valued at $11,748,000 after acquiring an additional 135,243 shares during the last quarter. Aveo Capital Partners LLC grew its stake in Invesco RAFI Strategic US ETF by 28.7% in the 4th quarter. Aveo Capital Partners LLC now owns 478,497 shares of the company’s stock valued at $20,719,000 after acquiring an additional 106,659 shares during the last quarter. Foguth Wealth Management LLC. acquired a new stake in Invesco RAFI Strategic US ETF in the 1st quarter valued at about $4,124,000. Finally, Merit Financial Group LLC grew its stake in Invesco RAFI Strategic US ETF by 6.6% in the 4th quarter. Merit Financial Group LLC now owns 508,228 shares of the company’s stock valued at $22,006,000 after acquiring an additional 31,417 shares during the last quarter.

Invesco RAFI Strategic US ETF Stock Performance

NASDAQ IUS traded down $0.13 during trading hours on Wednesday, reaching $49.00. The company’s stock had a trading volume of 40,233 shares, compared to its average volume of 102,497. The stock has a market cap of $514.50 million, a PE ratio of 19.85 and a beta of 0.96. Invesco RAFI Strategic US ETF has a fifty-two week low of $38.00 and a fifty-two week high of $49.15. The company’s 50-day moving average is $47.34 and its two-hundred day moving average is $46.01.

Invesco RAFI Strategic US ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 24th were paid a dividend of $0.1768 per share. This is a boost from Invesco RAFI Strategic US ETF’s previous quarterly dividend of $0.17. This represents a $0.71 annualized dividend and a dividend yield of 1.44%. The ex-dividend date was Monday, June 24th.

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.