Invesco RAFI Strategic US ETF (NASDAQ:IUS) Sets New 12-Month High – Here’s Why

Shares of Invesco RAFI Strategic US ETF (NASDAQ:IUS) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $67.39 and last traded at $67.04, with a volume of 25183 shares traded. The stock had previously closed at $66.91.

Invesco RAFI Strategic US ETF Stock Performance

The business has a 50-day moving average of $65.29 and a 200-day moving average of $61.47. The stock has a market capitalization of $897.00 million, a price-to-earnings ratio of 18.38 and a beta of 0.87.

Invesco RAFI Strategic US ETF Dividend Announcement

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

Institutional Investors Weigh In On Invesco RAFI Strategic US ETF

A number of institutional investors have recently made changes to their positions in IUS. Rockefeller Capital Management L.P. lifted its holdings in shares of Invesco RAFI Strategic US ETF by 11,234.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 671,230 shares of the company’s stock worth $38,368,000 after acquiring an additional 665,308 shares during the last quarter. CWM LLC increased its holdings in Invesco RAFI Strategic US ETF by 6.8% in the 4th quarter. CWM LLC now owns 667,862 shares of the company’s stock valued at $38,175,000 after purchasing an additional 42,278 shares during the last quarter. Intelligence Driven Advisers LLC increased its holdings in Invesco RAFI Strategic US ETF by 0.8% in the 4th quarter. Intelligence Driven Advisers LLC now owns 662,742 shares of the company’s stock valued at $37,883,000 after purchasing an additional 4,983 shares during the last quarter. Osaic Holdings Inc. raised its position in Invesco RAFI Strategic US ETF by 2.4% in the fourth quarter. Osaic Holdings Inc. now owns 493,937 shares of the company’s stock valued at $28,235,000 after purchasing an additional 11,666 shares during the period. Finally, Kestra Advisory Services LLC raised its position in 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 valued at $15,653,000 after purchasing an additional 16,427 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.