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

Synergy Investment Management LLC acquired a new position in shares of Invesco RAFI Strategic US ETF (NASDAQ:IUS) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 49,768 shares of the company’s stock, valued at approximately $2,748,000. Invesco RAFI Strategic US ETF makes up about 1.0% of Synergy Investment Management LLC’s investment portfolio, making the stock its 28th biggest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. bought a new stake in shares of Invesco RAFI Strategic US ETF in the first quarter worth $11,162,000. Stratos Wealth Partners LTD. increased its position in shares of Invesco RAFI Strategic US ETF by 5.8% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 7,428 shares of the company’s stock worth $383,000 after purchasing an additional 406 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Invesco RAFI Strategic US ETF by 81.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 684,623 shares of the company’s stock valued at $35,258,000 after purchasing an additional 306,778 shares in the last quarter. IFG Advisory LLC raised its stake in shares of Invesco RAFI Strategic US ETF by 0.5% in the 2nd quarter. IFG Advisory LLC now owns 120,660 shares of the company’s stock valued at $6,214,000 after purchasing an additional 579 shares in the last quarter. Finally, Prosperity Wealth Management Inc. lifted its position in shares of Invesco RAFI Strategic US ETF by 22.5% during the second quarter. Prosperity Wealth Management Inc. now owns 131,010 shares of the company’s stock worth $6,747,000 after purchasing an additional 24,037 shares during the last quarter.

Invesco RAFI Strategic US ETF Price Performance

Shares of IUS opened at $60.28 on Thursday. The business’s fifty day moving average price is $58.69 and its 200 day moving average price is $56.32. The stock has a market capitalization of $735.42 million, a PE 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 declared a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were issued a dividend of $0.2108 per share. The ex-dividend date was Monday, December 22nd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.4%.

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.