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

Invesco RAFI Strategic US ETF (NASDAQ:IUS) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $52.11 and last traded at $52.11, with a volume of 1564 shares trading hands. The stock had previously closed at $51.77.

Invesco RAFI Strategic US ETF Price Performance

The stock has a market capitalization of $615.16 million, a P/E ratio of 19.85 and a beta of 0.96. The stock has a 50 day moving average price of $50.49 and a 200-day moving average price of $48.79.

Invesco RAFI Strategic US ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were given a $0.207 dividend. This is a positive change from Invesco RAFI Strategic US ETF’s previous quarterly dividend of $0.18. This represents a $0.83 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date was Monday, September 23rd.

Hedge Funds Weigh In On Invesco RAFI Strategic US ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. FMR LLC increased its stake in shares of Invesco RAFI Strategic US ETF by 46.0% in the 3rd quarter. FMR LLC now owns 962 shares of the company’s stock worth $48,000 after acquiring an additional 303 shares in the last quarter. CWM LLC purchased a new position in Invesco RAFI Strategic US ETF in the 2nd quarter worth about $90,000. Sigma Planning Corp bought a new position in Invesco RAFI Strategic US ETF during the third quarter valued at approximately $205,000. AllGen Financial Advisors Inc. bought a new position in Invesco RAFI Strategic US ETF in the third quarter valued at about $235,000. Finally, Davies Financial Advisors Inc. bought a new position in shares of Invesco RAFI Strategic US ETF in the 2nd quarter worth approximately $239,000.

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.