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

Invesco RAFI Strategic US ETF (NASDAQ:IUS) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $50.86 and last traded at $50.84, with a volume of 4837 shares traded. The stock had previously closed at $50.83.

Invesco RAFI Strategic US ETF Trading Down 0.6 %

The stock has a market cap of $592.37 million, a P/E ratio of 19.85 and a beta of 0.96. The business has a 50-day simple moving average of $49.09 and a 200 day simple moving average of $47.82.

Invesco RAFI Strategic US ETF Increases Dividend

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

Institutional Investors Weigh In On Invesco RAFI Strategic US ETF

Institutional investors have recently modified their holdings of the company. LPL Financial LLC boosted its position in shares of Invesco RAFI Strategic US ETF by 35.8% during the 2nd quarter. LPL Financial LLC now owns 824,299 shares of the company’s stock valued at $39,097,000 after purchasing an additional 217,384 shares in the last quarter. Aveo Capital Partners LLC boosted its holdings in shares of Invesco RAFI Strategic US ETF by 5.0% during the 2nd quarter. Aveo Capital Partners LLC now owns 516,023 shares of the company’s stock worth $24,475,000 after buying an additional 24,801 shares in the last quarter. Intelligence Driven Advisers LLC boosted its holdings in shares of Invesco RAFI Strategic US ETF by 52.1% during the 2nd quarter. Intelligence Driven Advisers LLC now owns 360,471 shares of the company’s stock worth $17,097,000 after buying an additional 123,440 shares in the last quarter. Osaic Holdings Inc. increased its stake in shares of Invesco RAFI Strategic US ETF by 43.8% in the 1st quarter. Osaic Holdings Inc. now owns 357,733 shares of the company’s stock valued at $16,979,000 after acquiring an additional 108,913 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of Invesco RAFI Strategic US ETF by 413.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 250,548 shares of the company’s stock valued at $11,883,000 after acquiring an additional 201,709 shares in the last quarter.

Invesco RAFI Strategic US ETF Company 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.