Centerpoint Advisory Group has reduced its holdings in the Invesco RAFI Strategic US ETF (NASDAQ:IUS) by 7.5%, bringing its total investment to approximately $1.09 million. According to the firm’s latest filing with the Securities and Exchange Commission, Centerpoint now owns 21,232 shares after selling 1,720 shares during the second quarter of 2023. This investment represents about 0.9% of Centerpoint’s overall portfolio, making the Invesco ETF its 28th largest holding.
Several other institutional investors have also made moves in the ETF recently. Highline Wealth Partners LLC acquired a new position valued at around $25,000 in the second quarter. In the first quarter, Hughes Financial Services LLC entered with an investment of approximately $80,000. Mainstay Capital Management LLC ADV increased its stake by 22.1%, now holding 6,885 shares worth $340,000 after acquiring an additional 1,246 shares.
Lokken Investment Group LLC significantly boosted its holdings by 52.9%, bringing its total to 7,641 shares valued at $377,000 after an acquisition of 2,645 shares. Additionally, Stratos Wealth Partners LTD. grew its position by 5.8%, now owning 7,428 shares worth $383,000 after adding 406 shares in the latest quarter.
Invesco RAFI Strategic US ETF Performance and Overview
The Invesco RAFI Strategic US ETF opened at $55.88 on Thursday. Its 50-day moving average is $55.14, and the 200-day moving average stands at $52.32. Over the past year, the ETF has experienced a low of $42.97 and a high of $56.89. The fund boasts a market capitalization of $681.74 million, with a price-to-earnings (P/E) ratio of 18.38 and a beta of 0.93.
The Invesco RAFI Strategic US ETF tracks an index composed of large U.S. firms, determining company size through fundamental metrics while also screening based on quality. Launched on September 12, 2018, the fund is managed by Invesco.
For those interested in monitoring institutional holdings of the Invesco RAFI Strategic US ETF, HoldingsChannel.com provides updated 13F filings and insider trades. Additionally, MarketBeat.com offers a free daily email newsletter summarizing the latest news and analysts’ ratings for the ETF and related companies.
