Invesco RAFI Strategic US ETF (NASDAQ:IUS) Reaches New 52-Week High – Here’s Why

Invesco RAFI Strategic US ETF (NASDAQ:IUS) hit a new 52-week high on Wednesday . The company traded as high as $50.36 and last traded at $50.31, with a volume of 10053 shares. The stock had previously closed at $49.96.

Invesco RAFI Strategic US ETF Price Performance

The firm has a market cap of $589.21 million, a price-to-earnings ratio of 19.85 and a beta of 0.96. The firm’s fifty day moving average is $48.86 and its 200-day moving average is $47.73.

Invesco RAFI Strategic US ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were given a $0.207 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This is a positive change from Invesco RAFI Strategic US ETF’s previous quarterly dividend of $0.18. This represents a $0.83 annualized dividend and a dividend yield of 1.64%.

Hedge Funds Weigh In On Invesco RAFI Strategic US ETF

Institutional investors have recently added to or reduced their stakes in the business. Centaurus Financial Inc. bought a new position in shares of Invesco RAFI Strategic US ETF during the 4th quarter worth about $103,000. Avantax Advisory Services Inc. acquired a new position in Invesco RAFI Strategic US ETF during the 1st quarter worth approximately $257,000. Bridge Advisory LLC boosted its holdings in Invesco RAFI Strategic US ETF by 0.3% in the third quarter. Bridge Advisory LLC now owns 110,771 shares of the company’s stock worth $5,572,000 after acquiring an additional 348 shares in the last quarter. Thoroughbred Financial Services LLC acquired a new stake in Invesco RAFI Strategic US ETF in the second quarter valued at approximately $252,000. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Invesco RAFI Strategic US ETF by 46.1% during the second quarter. Envestnet Asset Management Inc. now owns 102,018 shares of the company’s stock valued at $4,839,000 after acquiring an additional 32,208 shares in the last quarter.

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.