Invesco RAFI Strategic US ETF (NASDAQ:IUS) Sets New 1-Year High – What’s Next?

Shares of Invesco RAFI Strategic US ETF (NASDAQ:IUS) hit a new 52-week high during mid-day trading on Friday. The stock traded as high as $70.82 and last traded at $70.7880, with a volume of 2,340 shares changing hands. The stock had previously closed at $70.50.

Invesco RAFI Strategic US ETF Trading Up 0.2%

The stock has a market capitalization of $998.14 million, a PE ratio of 18.38 and a beta of 0.87. The firm’s 50-day simple moving average is $69.39 and its two-hundred day simple moving average is $66.19.

Invesco RAFI Strategic US ETF Increases Dividend

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

Institutional Investors Weigh In On Invesco RAFI Strategic US ETF

Several institutional investors and hedge funds have recently bought and sold shares of IUS. Fermata Advisors LLC lifted its holdings in shares of Invesco RAFI Strategic US ETF by 3.2% during 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 period. Breakwater Capital Group lifted its stake in shares of Invesco RAFI Strategic US ETF by 1.3% during the first quarter. Breakwater Capital Group now owns 25,478 shares of the company’s stock valued at $1,476,000 after acquiring an additional 318 shares during the period. RVW Wealth LLC grew its position in shares of 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 buying an additional 527 shares during the period. First PREMIER Bank acquired a new stake in shares of Invesco RAFI Strategic US ETF during the second quarter worth $41,000. Finally, Professional Financial Advisors LLC increased its stake in Invesco RAFI Strategic US ETF by 1.7% in the second 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.