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

Invesco RAFI Strategic US ETF (NASDAQ:IUS) reached a new 52-week high during mid-day trading on Thursday. The company traded as high as $70.86 and last traded at $70.86, with a volume of 55,360 shares. The stock had previously closed at $70.69.

Invesco RAFI Strategic US ETF Trading Down 0.7%

The stock has a market capitalization of $1.00 billion, a price-to-earnings ratio of 18.38 and a beta of 0.87. The stock’s 50 day moving average is $69.47 and its two-hundred day moving average is $66.66.

Invesco RAFI Strategic US ETF Increases Dividend

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

Institutional Investors Weigh In On Invesco RAFI Strategic US ETF

Several hedge funds have recently added to or reduced their stakes in IUS. First PREMIER Bank bought a new position in Invesco RAFI Strategic US ETF during the 2nd quarter worth $41,000. Independent Financial Group LLC bought a new stake in shares of Invesco RAFI Strategic US ETF in the first quarter valued at approximately $251,000. Fermata Advisors LLC grew its position in 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 worth $518,000 after buying an additional 239 shares in the last quarter. Royal Bank of Canada increased its stake in Invesco RAFI Strategic US ETF by 60.3% during the 1st quarter. Royal Bank of Canada now owns 11,430 shares of the company’s stock worth $662,000 after acquiring an additional 4,299 shares during the period. Finally, RVW Wealth LLC raised its stake 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 valued at $920,000 after purchasing an additional 527 shares in the last quarter.

About Invesco RAFI Strategic US ETF

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.