Invesco RAFI Strategic US ETF (NASDAQ:IUS) Hits New 12-Month High – Here’s What Happened

Invesco RAFI Strategic US ETF (NASDAQ:IUS)’s share price hit a new 52-week high during mid-day trading on Thursday. The company traded as high as $70.86 and last traded at $70.86, with a volume of 55,360 shares traded. The stock had previously closed at $70.69.

Invesco RAFI Strategic US ETF Trading Up 0.2%

The stock has a market capitalization of $1.00 billion, a P/E ratio of 18.38 and a beta of 0.87. The firm’s fifty day moving average is $69.45 and its 200-day moving average is $66.55.

Invesco RAFI Strategic US ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Monday, September 21st were paid a dividend of $0.2284 per share. This is a positive change from Invesco RAFI Strategic US ETF’s previous quarterly dividend of $0.2054. This represents a $0.91 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Monday, September 21st.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Fermata Advisors LLC raised its stake in shares of Invesco RAFI Strategic US ETF by 3.2% in the third quarter. Fermata Advisors LLC now owns 7,636 shares of the company’s stock valued at $518,000 after acquiring an additional 239 shares during the last quarter. Breakwater Capital Group grew its position in Invesco RAFI Strategic US ETF by 1.3% during the 1st quarter. Breakwater Capital Group now owns 25,478 shares of the company’s stock worth $1,476,000 after acquiring an additional 318 shares during the last quarter. RVW Wealth LLC grew its position in Invesco RAFI Strategic US ETF by 3.9% during the 2nd quarter. RVW Wealth LLC now owns 14,024 shares of the company’s stock worth $920,000 after acquiring an additional 527 shares during the last quarter. First PREMIER Bank bought a new stake in Invesco RAFI Strategic US ETF during the 2nd quarter worth approximately $41,000. Finally, Professional Financial Advisors LLC increased its holdings in Invesco RAFI Strategic US ETF by 1.7% during the 2nd quarter. Professional Financial Advisors LLC now owns 75,825 shares of the company’s stock valued at $4,973,000 after purchasing an additional 1,268 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.