Invesco RAFI Strategic US ETF (NASDAQ:IUS) Sets New 1-Year High – Here’s Why

Invesco RAFI Strategic US ETF (NASDAQ:IUS)’s stock price hit a new 52-week high on Thursday . The company traded as high as $59.37 and last traded at $59.2960, with a volume of 1953 shares traded. The stock had previously closed at $58.98.

Invesco RAFI Strategic US ETF Stock Performance

The stock has a market cap of $717.00 million, a PE ratio of 18.38 and a beta of 0.93. The business’s fifty day moving average price is $57.49 and its 200-day moving average price is $55.32.

Invesco RAFI Strategic US ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were issued a dividend of $0.2108 per share. This represents a $0.84 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Monday, December 22nd.

Institutional Trading of Invesco RAFI Strategic US ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. bought a new position in shares of Invesco RAFI Strategic US ETF in the 1st quarter worth $11,162,000. Wealth Enhancement Advisory Services LLC grew its stake in Invesco RAFI Strategic US ETF by 226.9% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 23,536 shares of the company’s stock valued at $1,231,000 after purchasing an additional 16,336 shares during the last quarter. Highline Wealth Partners LLC purchased a new position in Invesco RAFI Strategic US ETF in the second quarter valued at about $25,000. Lokken Investment Group LLC raised its holdings in Invesco RAFI Strategic US ETF by 39.9% in the second quarter. Lokken Investment Group LLC now owns 10,689 shares of the company’s stock worth $550,000 after purchasing an additional 3,048 shares in the last quarter. Finally, Mainstay Capital Management LLC ADV lifted its position in shares of Invesco RAFI Strategic US ETF by 22.4% during the second quarter. Mainstay Capital Management LLC ADV now owns 8,428 shares of the company’s stock valued at $434,000 after buying an additional 1,543 shares during 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.