MML Investors Services LLC Increases Stock Position in Invesco RAFI Strategic US ETF (NASDAQ:IUS)

MML Investors Services LLC grew its position in shares of Invesco RAFI Strategic US ETF (NASDAQ:IUS) by 41.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 110,730 shares of the company’s stock after purchasing an additional 32,342 shares during the quarter. MML Investors Services LLC owned approximately 0.94% of Invesco RAFI Strategic US ETF worth $5,570,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. World Investment Advisors LLC purchased a new position in Invesco RAFI Strategic US ETF during the 3rd quarter worth approximately $152,410,000. LPL Financial LLC increased its holdings in shares of Invesco RAFI Strategic US ETF by 35.8% in the 2nd quarter. LPL Financial LLC now owns 824,299 shares of the company’s stock valued at $39,097,000 after acquiring an additional 217,384 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in Invesco RAFI Strategic US ETF by 413.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 250,548 shares of the company’s stock valued at $11,883,000 after purchasing an additional 201,709 shares during the last quarter. Intelligence Driven Advisers LLC boosted its stake in Invesco RAFI Strategic US ETF by 52.1% during the 2nd quarter. Intelligence Driven Advisers LLC now owns 360,471 shares of the company’s stock worth $17,097,000 after purchasing an additional 123,440 shares during the period. Finally, Bridge Advisory LLC purchased a new position in Invesco RAFI Strategic US ETF during the 2nd quarter worth $5,237,000.

Invesco RAFI Strategic US ETF Stock Performance

Shares of NASDAQ:IUS opened at $51.48 on Friday. Invesco RAFI Strategic US ETF has a one year low of $41.95 and a one year high of $52.38. The company has a 50-day simple moving average of $50.94 and a 200-day simple moving average of $49.15. The stock has a market capitalization of $607.51 million, a price-to-earnings ratio of 19.85 and a beta of 0.96.

Invesco RAFI Strategic US ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were paid a $0.207 dividend. This is an increase from Invesco RAFI Strategic US ETF’s previous quarterly dividend of $0.18. This represents a $0.83 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend was Monday, September 23rd.

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.