Prosperity Wealth Management Inc. Acquires 2,789 Shares of Invesco RAFI Strategic US ETF (NASDAQ:IUS)

Prosperity Wealth Management Inc. raised its holdings in Invesco RAFI Strategic US ETF (NASDAQ:IUS) by 2.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 100,911 shares of the company’s stock after buying an additional 2,789 shares during the period. Invesco RAFI Strategic US ETF accounts for about 2.1% of Prosperity Wealth Management Inc.’s portfolio, making the stock its 9th largest holding. Prosperity Wealth Management Inc. owned about 0.77% of Invesco RAFI Strategic US ETF worth $5,012,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC increased its stake 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 buying an additional 303 shares during the last quarter. Sigma Planning Corp acquired a new position in shares of Invesco RAFI Strategic US ETF during the 3rd quarter worth about $205,000. Lifeworks Advisors LLC increased its stake in shares of Invesco RAFI Strategic US ETF by 16.6% during the 3rd quarter. Lifeworks Advisors LLC now owns 5,284 shares of the company’s stock worth $266,000 after purchasing an additional 752 shares during the last quarter. M.E. Allison & CO. Inc. acquired a new position in shares of Invesco RAFI Strategic US ETF during the 4th quarter worth about $273,000. Finally, Flagstar Advisors Inc. boosted its holdings in shares of Invesco RAFI Strategic US ETF by 11.3% during the 4th quarter. Flagstar Advisors Inc. now owns 6,509 shares of the company’s stock worth $323,000 after buying an additional 661 shares during the period.

Invesco RAFI Strategic US ETF Stock Performance

Shares of IUS stock opened at $48.90 on Wednesday. The company has a market capitalization of $640.59 million, a price-to-earnings ratio of 20.04 and a beta of 0.96. The company has a 50-day simple moving average of $50.84 and a 200 day simple moving average of $50.53. Invesco RAFI Strategic US ETF has a 52 week low of $45.07 and a 52 week high of $52.38.

Invesco RAFI Strategic US ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were issued a $0.1968 dividend. The ex-dividend date 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.