Strategic Blueprint LLC Increases Stake in Invesco RAFI Strategic US ETF (NASDAQ:IUS)

On November 1, 2024, it was reported that Strategic Blueprint LLC has increased its investment in Invesco RAFI Strategic US ETF (NASDAQ:IUS). The firm raised its holdings by 38.2% during the third quarter, bringing their total shares to 7,194. After acquiring an additional 1,987 shares in the latest quarter, the value of their holdings reached approximately $362,000.

Other hedge funds have also adjusted their positions in Invesco RAFI Strategic US ETF recently. CWM LLC established a new investment in the second quarter valued at $90,000. Meanwhile, Advisors Preferred LLC secured a new position during the first quarter worth about $193,000. In the third quarter, AllGen Financial Advisors Inc. added a new stake worth around $235,000. Davies Financial Advisors Inc. and Cetera Advisors LLC also entered new positions during the second and first quarters, worth approximately $239,000 and $245,000 respectively.

Invesco RAFI Strategic US ETF Stock Overview

The stock of Invesco RAFI Strategic US ETF opened at $49.39 on a recent Friday. Over the past year, the stock has seen fluctuations, with a low of $38.43 and a high of $50.86. The fifty-day moving average stands at $49.71, while the 200-day moving average is at $48.09. The ETF currently has a market capitalization of $580.33 million, a price-to-earnings (P/E) ratio of 19.85, and a beta of 0.96, indicating its volatility relative to the broader market.

Dividend Announcement

In addition to the recent investment developments, Invesco RAFI Strategic US ETF also declared a quarterly dividend, which was distributed on September 27th. Shareholders who were on record as of September 23rd received a dividend of $0.207 per share. This increase from the previous quarterly dividend of $0.18 translates to an annualized dividend of $0.83, resulting in a yield of 1.68%. The ex-dividend date was September 23rd.

About Invesco RAFI Strategic US ETF

The Invesco RAFI Strategic US ETF (IUS) is an exchange-traded fund that tracks the Invesco Strategic US Index. This index includes stocks from large U.S. companies, selecting firms based on fundamental metrics and quality criteria. IUS was launched on September 12, 2018, and is managed by Invesco.

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To see more about hedge funds investing in IUS, continue following market trends.

Strategic, Investment, ETF