Invesco RAFI Strategic US ETF (NASDAQ:IUS) Sets New 12-Month High – What’s Next?

Invesco RAFI Strategic US ETF (NASDAQ:IUS) hit a new 52-week high during trading on Friday . The company traded as high as $70.27 and last traded at $70.15, with a volume of 12819 shares. The stock had previously closed at $69.87.

Invesco RAFI Strategic US ETF Stock Performance

The company has a market cap of $955.33 million, a PE ratio of 18.38 and a beta of 0.87. The company has a 50 day simple moving average of $67.67 and a two-hundred day simple moving average of $63.76.

Invesco RAFI Strategic US ETF Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were issued a dividend of $0.2054 per share. This represents a $0.82 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Monday, June 22nd.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Vantus Wealth LLC acquired a new stake in shares of Invesco RAFI Strategic US ETF during the 4th quarter valued at $1,588,000. Rockefeller Capital Management L.P. grew its holdings in shares of Invesco RAFI Strategic US ETF by 11,234.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 671,230 shares of the company’s stock valued at $38,368,000 after acquiring an additional 665,308 shares in the last quarter. Kestra Advisory Services LLC increased its stake in shares of Invesco RAFI Strategic US ETF by 6.5% in the first quarter. Kestra Advisory Services LLC now owns 270,283 shares of the company’s stock worth $15,653,000 after acquiring an additional 16,427 shares during the last quarter. McIlrath & Eck LLC increased its stake in shares of Invesco RAFI Strategic US ETF by 9.6% in the fourth quarter. McIlrath & Eck LLC now owns 149,237 shares of the company’s stock worth $8,530,000 after acquiring an additional 13,119 shares during the last quarter. Finally, MML Investors Services LLC increased its stake in shares of Invesco RAFI Strategic US ETF by 7.3% in the fourth quarter. MML Investors Services LLC now owns 135,858 shares of the company’s stock worth $7,766,000 after acquiring an additional 9,298 shares during 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.