Invesco RAFI Strategic US ETF (NASDAQ:IUS) Declares Dividend Increase – $0.21 Per Share

Invesco RAFI Strategic US ETF (NASDAQ:IUS) declared a quarterly dividend on Monday, March 23rd, NASDAQ Dividends reports. Investors of record on Monday, March 23rd will be given a dividend of 0.2147 per share on Friday, March 27th. This represents a c) annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Monday, March 23rd. This is a 1.9% increase from Invesco RAFI Strategic US ETF’s previous quarterly dividend of $0.21.

Invesco RAFI Strategic US ETF Price Performance

NASDAQ:IUS opened at $57.84 on Tuesday. Invesco RAFI Strategic US ETF has a one year low of $42.97 and a one year high of $60.94. The company has a fifty day moving average price of $59.49 and a 200 day moving average price of $57.36. The stock has a market cap of $705.65 million, a P/E ratio of 18.38 and a beta of 0.93.

Institutional Investors Weigh In On Invesco RAFI Strategic US ETF

Hedge funds have recently made changes to their positions in the stock. Narus Financial Partners LLC increased its stake in Invesco RAFI Strategic US ETF by 2.5% during the fourth quarter. Narus Financial Partners LLC now owns 8,247 shares of the company’s stock valued at $471,000 after acquiring an additional 201 shares during the period. Principal Securities Inc. grew its holdings in shares of Invesco RAFI Strategic US ETF by 4.9% during the 4th quarter. Principal Securities Inc. now owns 4,503 shares of the company’s stock worth $257,000 after purchasing an additional 210 shares in the last quarter. Prospera Financial Services Inc increased its position in shares of Invesco RAFI Strategic US ETF by 4.3% during the third quarter. Prospera Financial Services Inc now owns 7,457 shares of the company’s stock valued at $412,000 after purchasing an additional 310 shares during the period. Dynamic Advisor Solutions LLC increased its position in shares of Invesco RAFI Strategic US ETF by 8.4% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 4,202 shares of the company’s stock valued at $240,000 after purchasing an additional 325 shares during the period. Finally, Sigma Planning Corp raised its stake in shares of Invesco RAFI Strategic US ETF by 3.6% in the fourth quarter. Sigma Planning Corp now owns 11,321 shares of the company’s stock valued at $647,000 after purchasing an additional 391 shares in the last quarter.

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.