Centerpoint Advisory Group has reduced its investment in the Invesco RAFI Strategic US ETF (NASDAQ:IUS) by 7.5%, as disclosed in its latest filing with the Securities and Exchange Commission. The advisory firm now holds 21,232 shares after selling 1,720 shares during the second quarter of 2023. This position represents approximately 0.9% of Centerpoint’s overall investment portfolio, making it the group’s 28th largest holding, valued at around $1.09 million.
Several other institutional investors have also made adjustments to their positions in the Invesco RAFI Strategic US ETF recently. Highline Wealth Partners LLC initiated a new position in the ETF during the second quarter, valued at approximately $25,000. Similarly, Hughes Financial Services LLC acquired a new stake valued at about $80,000 in the first quarter.
Mainstay Capital Management LLC ADV increased its holdings by 22.1% in the same quarter, now owning 6,885 shares worth $340,000 after adding 1,246 shares. Additionally, Lokken Investment Group LLC expanded its position by 52.9%, bringing its total to 7,641 shares valued at $377,000. Stratos Wealth Partners LTD. also increased its holdings by 5.8% during the second quarter, now owning 7,428 shares valued at $383,000.
Stock Performance and Market Insights
As of the latest trading session, Invesco RAFI Strategic US ETF opened at $55.88. The stock has shown significant movement, with a 50-day moving average of $55.14 and a 200-day moving average at $52.32. Over the past year, the ETF has experienced a low of $42.97 and a high of $56.89. The company holds a market capitalization of $681.74 million, a price-to-earnings (P/E) ratio of 18.38, and a beta of 0.93.
The Invesco RAFI Strategic US ETF, which was launched on September 12, 2018, is designed to track an index of stocks from prominent U.S. firms. The index employs fundamental metrics to determine firm size while also screening for quality criteria. This structure allows investors to gain exposure to a diversified portfolio of established companies.
For those interested in further insights, HoldingsChannel.com provides updated information on institutional holdings and insider trades related to the Invesco RAFI Strategic US ETF. Investors can also subscribe to MarketBeat.com for daily summaries of news and analysts’ ratings concerning this ETF and related investment opportunities.
