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

Invesco RAFI Strategic US ETF (NASDAQ:IUS)’s share price hit a new 52-week high on Tuesday . The company traded as high as $59.94 and last traded at $59.87, with a volume of 59183 shares trading hands. The stock had previously closed at $59.39.

Invesco RAFI Strategic US ETF Stock Performance

The company has a 50 day simple moving average of $57.99 and a 200 day simple moving average of $55.68. The company has a market capitalization of $730.41 million, a PE ratio of 18.38 and a beta of 0.93.

Invesco RAFI Strategic US ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were given a dividend of $0.2108 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Monday, December 22nd.

Institutional Investors Weigh In On Invesco RAFI Strategic US ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in IUS. Envestnet Asset Management Inc. raised its position in shares of 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 buying an additional 87,866 shares during the last quarter. CWM LLC boosted its position in Invesco RAFI Strategic US ETF by 6.8% during the fourth quarter. CWM LLC now owns 667,862 shares of the company’s stock worth $38,175,000 after acquiring an additional 42,278 shares during the last quarter. Intelligence Driven Advisers LLC grew its stake in Invesco RAFI Strategic US ETF by 0.8% during the 4th quarter. Intelligence Driven Advisers LLC now owns 662,742 shares of the company’s stock valued at $37,883,000 after acquiring an additional 4,983 shares in the last quarter. Raymond James Financial Inc. raised its holdings in Invesco RAFI Strategic US ETF by 3.1% in the 3rd quarter. Raymond James Financial Inc. now owns 259,150 shares of the company’s stock valued at $14,308,000 after acquiring an additional 7,724 shares during the last quarter. Finally, Merit Financial Group LLC raised its holdings in Invesco RAFI Strategic US ETF by 2.2% in the 3rd quarter. Merit Financial Group LLC now owns 241,858 shares of the company’s stock valued at $13,353,000 after acquiring an additional 5,238 shares during 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.