Invesco RAFI Strategic US ETF (NASDAQ:IUS) Hits New 12-Month High – Here’s What Happened

Invesco RAFI Strategic US ETF (NASDAQ:IUS) reached a new 52-week high on Thursday. The company traded as high as $70.86 and last traded at $70.86, with a volume of 55,360 shares trading hands. The stock had previously closed at $70.69.

Invesco RAFI Strategic US ETF Price Performance

The firm has a market cap of $1.00 billion, a P/E ratio of 18.38 and a beta of 0.87. The stock’s 50 day moving average is $69.45 and its two-hundred day moving average is $66.55.

Invesco RAFI Strategic US ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Monday, September 21st were issued a dividend of $0.2284 per share. The ex-dividend date of this dividend was Monday, September 21st. This is a positive change from Invesco RAFI Strategic US ETF’s previous quarterly dividend of $0.2054. This represents a $0.91 dividend on an annualized basis and a yield of 1.3%.

Institutional Investors Weigh In On Invesco RAFI Strategic US ETF

Large investors have recently modified their holdings of the stock. Fermata Advisors LLC lifted its position in shares of Invesco RAFI Strategic US ETF by 3.2% during the 3rd quarter. Fermata Advisors LLC now owns 7,636 shares of the company’s stock worth $518,000 after buying an additional 239 shares during the period. Breakwater Capital Group grew its position in Invesco RAFI Strategic US ETF by 1.3% in the first quarter. Breakwater Capital Group now owns 25,478 shares of the company’s stock valued at $1,476,000 after acquiring an additional 318 shares during the period. RVW Wealth LLC raised its stake in Invesco RAFI Strategic US ETF by 3.9% during the second quarter. RVW Wealth LLC now owns 14,024 shares of the company’s stock worth $920,000 after acquiring an additional 527 shares in the last quarter. First PREMIER Bank acquired a new position in Invesco RAFI Strategic US ETF during the second quarter worth $41,000. Finally, Professional Financial Advisors LLC raised its stake in Invesco RAFI Strategic US ETF by 1.7% during the second quarter. Professional Financial Advisors LLC now owns 75,825 shares of the company’s stock worth $4,973,000 after acquiring an additional 1,268 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.