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

Invesco RAFI Strategic US ETF (NASDAQ:IUS)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $65.10 and last traded at $65.10, with a volume of 5517 shares. The stock had previously closed at $64.56.

Invesco RAFI Strategic US ETF Stock Performance

The business’s 50 day moving average is $60.91 and its 200 day moving average is $59.15. The stock has a market cap of $821.58 million, a price-to-earnings ratio of 18.38 and a beta of 0.87.

Invesco RAFI Strategic US ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were paid a $0.2147 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $0.86 dividend on an annualized basis and a yield of 1.3%. This is a positive change from Invesco RAFI Strategic US ETF’s previous quarterly dividend of $0.21.

Institutional Investors Weigh In On Invesco RAFI Strategic US ETF

Institutional investors have recently modified their holdings of the stock. Capital Developers LLC acquired a new stake in shares of Invesco RAFI Strategic US ETF during the 4th quarter valued at $1,592,000. CWM LLC boosted its stake in shares of Invesco RAFI Strategic US ETF by 6.8% during the 4th quarter. CWM LLC now owns 667,862 shares of the company’s stock valued at $38,175,000 after buying an additional 42,278 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of Invesco RAFI Strategic US ETF by 12.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 772,489 shares of the company’s stock valued at $42,649,000 after buying an additional 87,866 shares during the period. Onyx Bridge Wealth Group LLC acquired a new stake in shares of Invesco RAFI Strategic US ETF during the 3rd quarter valued at $471,000. Finally, PFG Advisors boosted its stake in shares of Invesco RAFI Strategic US ETF by 14.7% during the 4th quarter. PFG Advisors now owns 108,036 shares of the company’s stock valued at $6,175,000 after buying an additional 13,823 shares during the period.

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.