Kingsview Wealth Management LLC Sells 105,745 Shares of Invesco RAFI Strategic US ETF $IUS

Kingsview Wealth Management LLC trimmed its holdings in Invesco RAFI Strategic US ETF (NASDAQ:IUS) by 91.8% in the 3rd quarter, Holdings Channel reports. The fund owned 9,458 shares of the company’s stock after selling 105,745 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Invesco RAFI Strategic US ETF were worth $522,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Goldman Sachs Group Inc. bought a new position in Invesco RAFI Strategic US ETF during the first quarter worth $11,162,000. PFG Advisors boosted its holdings in Invesco RAFI Strategic US ETF by 8.3% in the 2nd quarter. PFG Advisors now owns 92,919 shares of the company’s stock valued at $4,785,000 after purchasing an additional 7,091 shares during the period. Cetera Investment Advisers grew its position in Invesco RAFI Strategic US ETF by 11.9% in the 2nd quarter. Cetera Investment Advisers now owns 69,757 shares of the company’s stock worth $3,593,000 after purchasing an additional 7,414 shares during the last quarter. Rockefeller Capital Management L.P. grew its position in Invesco RAFI Strategic US ETF by 85.3% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 58,901 shares of the company’s stock worth $3,033,000 after purchasing an additional 27,115 shares during the last quarter. Finally, Richmond Investment Services LLC bought a new position in shares of Invesco RAFI Strategic US ETF during the 2nd quarter worth about $231,000.

Invesco RAFI Strategic US ETF Stock Performance

Shares of IUS opened at $59.03 on Friday. The company has a 50-day simple moving average of $59.35 and a 200-day simple moving average of $56.96. The firm has a market capitalization of $720.17 million, a P/E ratio of 18.38 and a beta of 0.93. Invesco RAFI Strategic US ETF has a 52 week low of $42.97 and a 52 week 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. Investors of record on Monday, December 22nd were paid a dividend of $0.2108 per share. This represents a $0.84 annualized dividend 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.