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

Invesco RAFI Strategic US ETF (NASDAQ:IUS)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $61.04 and last traded at $60.96, with a volume of 11973 shares trading hands. The stock had previously closed at $60.79.

Invesco RAFI Strategic US ETF Stock Up 0.4%

The firm’s 50 day simple moving average is $59.32 and its 200 day simple moving average is $57.81. The company has a market cap of $738.34 million, a price-to-earnings ratio of 18.38 and a beta of 0.87.

Invesco RAFI Strategic US ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were issued a dividend of $0.2147 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.4%. This is a positive change from Invesco RAFI Strategic US ETF’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Monday, March 23rd.

Hedge Funds Weigh In On Invesco RAFI Strategic US ETF

A number of institutional investors and hedge funds have recently bought and sold shares of IUS. Envestnet Asset Management Inc. boosted its holdings 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 acquiring an additional 87,866 shares in the last quarter. Rockefeller Capital Management L.P. boosted its holdings in shares of Invesco RAFI Strategic US ETF by 11,234.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 671,230 shares of the company’s stock valued at $38,368,000 after acquiring an additional 665,308 shares in the last quarter. CWM LLC boosted its holdings in shares of Invesco RAFI Strategic US ETF by 6.8% in the fourth quarter. CWM LLC now owns 667,862 shares of the company’s stock valued at $38,175,000 after acquiring an additional 42,278 shares in the last quarter. Intelligence Driven Advisers LLC boosted its holdings in shares of Invesco RAFI Strategic US ETF by 0.8% in the fourth 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. Finally, Osaic Holdings Inc. boosted its holdings in shares of 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 acquiring an additional 11,666 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.