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

Invesco RAFI Strategic US ETF (NASDAQ:IUS) reached a new 52-week high during trading on Friday . The stock traded as high as $65.10 and last traded at $65.10, with a volume of 5517 shares changing hands. The stock had previously closed at $64.56.

Invesco RAFI Strategic US ETF Price Performance

The stock has a market cap of $822.34 million, a P/E ratio of 18.38 and a beta of 0.87. The company has a fifty day moving average price of $60.79 and a 200 day moving average price of $59.10.

Invesco RAFI Strategic US ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were issued a dividend of $0.2147 per share. This represents a $0.86 annualized dividend and a yield of 1.3%. This is an increase from Invesco RAFI Strategic US ETF’s previous quarterly dividend of $0.21. The ex-dividend date was Monday, March 23rd.

Institutional Investors Weigh In On Invesco RAFI Strategic US ETF

Several institutional investors have recently bought and sold shares of IUS. Flagship Harbor Advisors LLC bought a new stake in Invesco RAFI Strategic US ETF during the fourth quarter worth $25,000. US Bancorp DE purchased a new position in Invesco RAFI Strategic US ETF in the third quarter worth $41,000. Root Financial Partners LLC purchased a new position in Invesco RAFI Strategic US ETF in the third quarter worth $60,000. Hughes Financial Services LLC boosted its position in Invesco RAFI Strategic US ETF by 58.1% in the fourth quarter. Hughes Financial Services LLC now owns 2,553 shares of the company’s stock worth $146,000 after purchasing an additional 938 shares during the last quarter. Finally, Corient Private Wealth LLC purchased a new position in Invesco RAFI Strategic US ETF in the second quarter worth $208,000.

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.