Zimmermann Investment Management & Planning LLC Has $7.08 Million Holdings in Invesco RAFI Strategic US ETF (NASDAQ:IUS)

Zimmermann Investment Management & Planning LLC grew its stake in Invesco RAFI Strategic US ETF (NASDAQ:IUS) by 35.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 149,359 shares of the company’s stock after purchasing an additional 38,889 shares during the quarter. Invesco RAFI Strategic US ETF comprises approximately 2.4% of Zimmermann Investment Management & Planning LLC’s holdings, making the stock its 9th largest holding. Zimmermann Investment Management & Planning LLC owned 1.40% of Invesco RAFI Strategic US ETF worth $7,084,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Intelligence Driven Advisers LLC bought a new position in Invesco RAFI Strategic US ETF during the first quarter worth about $11,249,000. ARQ Wealth Advisors LLC bought a new position in Invesco RAFI Strategic US ETF during the 1st quarter worth approximately $6,827,000. Raymond James Financial Services Advisors Inc. grew its holdings in Invesco RAFI Strategic US ETF by 120.4% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 247,532 shares of the company’s stock valued at $11,748,000 after purchasing an additional 135,243 shares during the period. Bridge Advisory LLC bought a new stake in Invesco RAFI Strategic US ETF in the second quarter valued at approximately $5,237,000. Finally, Osaic Holdings Inc. raised its holdings in Invesco RAFI Strategic US ETF by 43.8% in the first quarter. Osaic Holdings Inc. now owns 357,733 shares of the company’s stock worth $16,979,000 after purchasing an additional 108,913 shares during the period.

Invesco RAFI Strategic US ETF Price Performance

Shares of NASDAQ IUS traded down $0.18 during midday trading on Wednesday, reaching $49.09. 45,105 shares of the stock were exchanged, compared to its average volume of 97,355. Invesco RAFI Strategic US ETF has a 12 month low of $38.00 and a 12 month high of $49.51. The company has a market capitalization of $529.19 million, a price-to-earnings ratio of 19.85 and a beta of 0.96. The business has a 50-day simple moving average of $48.00 and a two-hundred day simple moving average of $46.96.

Invesco RAFI Strategic US ETF Increases Dividend

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

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.