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

Invesco RAFI Strategic US ETF (NASDAQ:IUS)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as $55.00 and last traded at $54.93, with a volume of 29511 shares trading hands. The stock had previously closed at $54.87.

Invesco RAFI Strategic US ETF Stock Up 0.1%

The firm has a market cap of $663.55 million, a PE ratio of 18.38 and a beta of 0.96. The company’s fifty day moving average price is $53.00 and its two-hundred day moving average price is $50.48.

Invesco RAFI Strategic US ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Monday, June 23rd were issued a $0.2069 dividend. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $0.83 annualized dividend and a dividend yield of 1.5%.

Institutional Trading of Invesco RAFI Strategic US ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Invesco RAFI Strategic US ETF by 6.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 91,506 shares of the company’s stock valued at $4,517,000 after acquiring an additional 5,833 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of Invesco RAFI Strategic US ETF by 1.7% in the first quarter. Cetera Investment Advisers now owns 62,343 shares of the company’s stock valued at $3,077,000 after acquiring an additional 1,012 shares in the last quarter. Prosperity Wealth Management Inc. boosted its holdings in Invesco RAFI Strategic US ETF by 6.0% during the first quarter. Prosperity Wealth Management Inc. now owns 106,973 shares of the company’s stock worth $5,280,000 after buying an additional 6,062 shares in the last quarter. Farther Finance Advisors LLC purchased a new stake in Invesco RAFI Strategic US ETF during the first quarter worth about $1,109,000. Finally, Signal Advisors Wealth LLC boosted its holdings in Invesco RAFI Strategic US ETF by 11.4% during the first quarter. Signal Advisors Wealth LLC now owns 103,426 shares of the company’s stock worth $5,105,000 after buying an additional 10,620 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.