M.E. Allison & CO. Inc. Invests $273,000 in Invesco RAFI Strategic US ETF (NASDAQ:IUS)

M.E. Allison & CO. Inc. bought a new position in Invesco RAFI Strategic US ETF (NASDAQ:IUS) during the 4th quarter, Holdings Channel reports. The fund bought 5,495 shares of the company’s stock, valued at approximately $273,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC boosted its holdings in Invesco RAFI Strategic US ETF by 46.0% in the 3rd quarter. FMR LLC now owns 962 shares of the company’s stock valued at $48,000 after purchasing an additional 303 shares during the period. CWM LLC lifted its position in shares of Invesco RAFI Strategic US ETF by 49.7% in the 3rd quarter. CWM LLC now owns 2,827 shares of the company’s stock worth $142,000 after acquiring an additional 938 shares during the period. Sigma Planning Corp bought a new stake in shares of Invesco RAFI Strategic US ETF in the 3rd quarter worth approximately $205,000. AllGen Financial Advisors Inc. bought a new stake in shares of Invesco RAFI Strategic US ETF in the 3rd quarter worth approximately $235,000. Finally, Dynamic Advisor Solutions LLC lifted its position in shares of Invesco RAFI Strategic US ETF by 19.4% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 5,080 shares of the company’s stock worth $256,000 after acquiring an additional 827 shares during the period.

Invesco RAFI Strategic US ETF Stock Performance

NASDAQ:IUS opened at $50.90 on Monday. The company has a 50-day moving average of $50.88 and a 200-day moving average of $49.72. The company has a market capitalization of $648.98 million, a price-to-earnings ratio of 19.85 and a beta of 0.96. Invesco RAFI Strategic US ETF has a 52 week low of $42.66 and a 52 week high of $52.38.

Invesco RAFI Strategic US ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were given a dividend of $0.1968 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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.