Invesco RAFI Strategic US ETF (NASDAQ:IUS) Reaches New 52-Week High – Here’s What Happened

Shares of Invesco RAFI Strategic US ETF (NASDAQ:IUS) hit a new 52-week high during trading on Friday . The company traded as high as $65.10 and last traded at $65.10, with a volume of 5517 shares trading hands. The stock had previously closed at $64.56.

Invesco RAFI Strategic US ETF Stock Up 0.9%

The stock has a 50 day moving average price of $60.79 and a 200 day moving average price of $59.10. The stock has a market capitalization of $822.34 million, a price-to-earnings ratio of 18.38 and a beta of 0.87.

Invesco RAFI Strategic US ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were given a dividend of $0.2147 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.3%. This is a positive change from Invesco RAFI Strategic US ETF’s previous quarterly dividend of $0.21. The ex-dividend date was Monday, March 23rd.

Hedge Funds Weigh In On Invesco RAFI Strategic US ETF

A number of hedge funds have recently made changes to their positions in IUS. Flagship Harbor Advisors LLC acquired a new position in Invesco RAFI Strategic US ETF in the fourth quarter valued at approximately $25,000. US Bancorp DE acquired a new position in Invesco RAFI Strategic US ETF in the third quarter valued at approximately $41,000. Root Financial Partners LLC acquired a new position in Invesco RAFI Strategic US ETF in the third quarter valued at approximately $60,000. Hughes Financial Services LLC lifted its stake in Invesco RAFI Strategic US ETF by 58.1% in the fourth quarter. Hughes Financial Services LLC now owns 2,553 shares of the company’s stock valued at $146,000 after buying an additional 938 shares during the period. Finally, Corient Private Wealth LLC acquired a new position in Invesco RAFI Strategic US ETF in the second quarter valued at approximately $208,000.

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.