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

Invesco RAFI Strategic US ETF (NASDAQ:IUS) shares reached a new 52-week high on Wednesday . The stock traded as high as $57.01 and last traded at $56.9580, with a volume of 5239 shares. The stock had previously closed at $56.75.

Invesco RAFI Strategic US ETF Stock Up 0.5%

The stock has a market capitalization of $696.02 million, a price-to-earnings ratio of 18.38 and a beta of 0.93. The business’s 50 day simple moving average is $55.55 and its 200-day simple moving average is $53.16.

Invesco RAFI Strategic US ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were given a dividend of $0.2136 per share. This is an increase from Invesco RAFI Strategic US ETF’s previous quarterly dividend of $0.21. This represents a $0.85 annualized dividend and a yield of 1.5%. The ex-dividend date was Monday, September 22nd.

Institutional Trading of Invesco RAFI Strategic US ETF

Large investors have recently bought and sold shares of the business. LPL Financial LLC boosted its position in Invesco RAFI Strategic US ETF by 25.4% in the first quarter. LPL Financial LLC now owns 1,296,065 shares of the company’s stock valued at $63,974,000 after buying an additional 262,784 shares in the last quarter. Envestnet Asset Management Inc. raised its position in Invesco RAFI Strategic US ETF by 12.8% in the third quarter. Envestnet Asset Management Inc. now owns 772,489 shares of the company’s stock valued at $42,649,000 after purchasing an additional 87,866 shares during the last quarter. Intelligence Driven Advisers LLC boosted its stake in shares of Invesco RAFI Strategic US ETF by 18.8% during the third quarter. Intelligence Driven Advisers LLC now owns 657,759 shares of the company’s stock valued at $36,315,000 after purchasing an additional 104,134 shares in the last quarter. CWM LLC grew its holdings in shares of Invesco RAFI Strategic US ETF by 44,648.5% during the third quarter. CWM LLC now owns 625,584 shares of the company’s stock worth $34,539,000 after purchasing an additional 624,186 shares during the last quarter. Finally, Aveo Capital Partners LLC increased its stake in shares of Invesco RAFI Strategic US ETF by 14.3% in the first quarter. Aveo Capital Partners LLC now owns 607,884 shares of the company’s stock valued at $29,318,000 after buying an additional 76,046 shares during the period.

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.