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

Invesco RAFI Strategic US ETF (NASDAQ:IUS)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $59.94 and last traded at $59.87, with a volume of 59183 shares. The stock had previously closed at $59.39.

Invesco RAFI Strategic US ETF Price Performance

The stock has a market cap of $730.41 million, a price-to-earnings ratio of 18.38 and a beta of 0.93. The firm has a fifty day moving average of $57.99 and a 200 day moving average of $55.68.

Invesco RAFI Strategic US ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were paid a $0.2108 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.4%.

Institutional Investors Weigh In On Invesco RAFI Strategic US ETF

A number of hedge funds have recently modified their holdings of IUS. Geneos Wealth Management Inc. lifted its holdings in Invesco RAFI Strategic US ETF by 15.8% in the second quarter. Geneos Wealth Management Inc. now owns 92,682 shares of the company’s stock valued at $4,773,000 after acquiring an additional 12,619 shares during the last quarter. Berkeley Inc raised its position in Invesco RAFI Strategic US ETF by 8.4% in the third quarter. Berkeley Inc now owns 116,406 shares of the company’s stock valued at $6,427,000 after purchasing an additional 9,016 shares during the period. CWM LLC lifted its stake in shares of Invesco RAFI Strategic US ETF by 44,648.5% in the 3rd quarter. CWM LLC now owns 625,584 shares of the company’s stock valued at $34,539,000 after purchasing an additional 624,186 shares during the last quarter. Eagle Strategies LLC acquired a new position in shares of Invesco RAFI Strategic US ETF in the 3rd quarter valued at $1,293,000. Finally, Tandem Financial LLC purchased a new position in shares of Invesco RAFI Strategic US ETF during the 2nd quarter worth $3,408,000.

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.