Redhawk Wealth Advisors Inc. Trims Stake in Invesco RAFI Strategic US ETF $IUS

Redhawk Wealth Advisors Inc. cut its stake in shares of Invesco RAFI Strategic US ETF (NASDAQ:IUS) by 72.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 3,630 shares of the company’s stock after selling 9,500 shares during the quarter. Redhawk Wealth Advisors Inc.’s holdings in Invesco RAFI Strategic US ETF were worth $200,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of IUS. Highline Wealth Partners LLC purchased a new stake in Invesco RAFI Strategic US ETF in the second quarter worth about $25,000. Corient Private Wealth LLC purchased a new position in shares of Invesco RAFI Strategic US ETF during the 2nd quarter valued at about $208,000. Betterment LLC bought a new position in shares of Invesco RAFI Strategic US ETF during the 2nd quarter valued at approximately $214,000. Richmond Investment Services LLC purchased a new stake in Invesco RAFI Strategic US ETF in the 2nd quarter worth approximately $231,000. Finally, Stratos Wealth Partners LTD. raised its stake in Invesco RAFI Strategic US ETF by 5.8% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 7,428 shares of the company’s stock worth $383,000 after acquiring an additional 406 shares during the period.

Invesco RAFI Strategic US ETF Price Performance

Shares of NASDAQ:IUS opened at $57.15 on Friday. The company has a market capitalization of $697.23 million, a P/E ratio of 18.38 and a beta of 0.93. Invesco RAFI Strategic US ETF has a 1-year low of $42.97 and a 1-year high of $58.01. The firm’s 50 day simple moving average is $56.30 and its two-hundred day simple moving average is $54.07.

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.