Redhawk Wealth Advisors Inc. Acquires New Holdings in Invesco RAFI Strategic US ETF (NASDAQ:IUS)

Redhawk Wealth Advisors Inc. bought a new position in shares of Invesco RAFI Strategic US ETF (NASDAQ:IUS) in the first quarter, HoldingsChannel reports. The firm bought 14,217 shares of the company’s stock, valued at approximately $702,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wells Fargo & Company MN raised its holdings in shares of Invesco RAFI Strategic US ETF by 417,900.0% in the fourth quarter. Wells Fargo & Company MN now owns 4,180 shares of the company’s stock worth $208,000 after acquiring an additional 4,179 shares during the last quarter. Sigma Planning Corp raised its holdings in shares of Invesco RAFI Strategic US ETF by 5.8% in the fourth quarter. Sigma Planning Corp now owns 4,317 shares of the company’s stock worth $214,000 after acquiring an additional 238 shares during the last quarter. Lokken Investment Group LLC acquired a new position in shares of Invesco RAFI Strategic US ETF in the fourth quarter worth $248,000. AllGen Financial Advisors Inc. raised its holdings in shares of Invesco RAFI Strategic US ETF by 15.5% in the fourth quarter. AllGen Financial Advisors Inc. now owns 5,389 shares of the company’s stock worth $268,000 after acquiring an additional 724 shares during the last quarter. Finally, BridgePort Financial Solutions LLC acquired a new position in shares of Invesco RAFI Strategic US ETF in the fourth quarter worth $326,000.

Invesco RAFI Strategic US ETF Stock Down 0.2%

NASDAQ IUS opened at $50.67 on Thursday. Invesco RAFI Strategic US ETF has a fifty-two week low of $42.97 and a fifty-two week high of $52.38. The stock has a market cap of $619.69 million, a price-to-earnings ratio of 19.21 and a beta of 0.96. The business has a fifty day moving average of $48.31 and a 200-day moving average of $49.81.

Invesco RAFI Strategic US ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were issued a $0.2128 dividend. This is a boost from Invesco RAFI Strategic US ETF’s previous dividend of $0.20. The ex-dividend date of this dividend was Monday, March 24th.

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.