Invesco RAFI Strategic US ETF (NASDAQ:IUS) Reaches New 1-Year High – Here’s Why

Invesco RAFI Strategic US ETF (NASDAQ:IUSGet Free Report)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $67.02 and last traded at $66.72, with a volume of 40282 shares. The stock had previously closed at $66.51.

Invesco RAFI Strategic US ETF Price Performance

The firm’s 50 day moving average price is $65.12 and its two-hundred day moving average price is $61.33. The stock has a market cap of $890.31 million, a PE ratio of 18.38 and a beta of 0.87.

Invesco RAFI Strategic US ETF Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were given a $0.2054 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Monday, June 22nd.

Institutional Trading of Invesco RAFI Strategic US ETF

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Professional Financial Advisors LLC boosted 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 acquiring an additional 1,268 shares during the period. RVW Wealth LLC grew its holdings in Invesco RAFI Strategic US ETF by 3.9% in the second quarter. RVW Wealth LLC now owns 14,024 shares of the company’s stock worth $920,000 after purchasing an additional 527 shares during the period. McIlrath & Eck LLC lifted its holdings in shares of Invesco RAFI Strategic US ETF by 3.9% during the first quarter. McIlrath & Eck LLC now owns 155,035 shares of the company’s stock valued at $8,979,000 after purchasing an additional 5,798 shares during the last quarter. Bank of America Corp DE boosted its holdings in Invesco RAFI Strategic US ETF by 4.2% in the first quarter. Bank of America Corp DE now owns 42,481 shares of the company’s stock worth $2,460,000 after acquiring an additional 1,701 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in Invesco RAFI Strategic US ETF by 60.3% in the 1st quarter. Royal Bank of Canada now owns 11,430 shares of the company’s stock worth $662,000 after purchasing an additional 4,299 shares in the last quarter.

Invesco RAFI Strategic US ETF Company Profile

(Get Free Report)

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.

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