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

Invesco RAFI Strategic US ETF (NASDAQ:IUS)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $51.00 and last traded at $50.89, with a volume of 6023 shares trading hands. The stock had previously closed at $49.98.

Invesco RAFI Strategic US ETF Stock Performance

The company has a market capitalization of $608.88 million, a price-to-earnings ratio of 19.85 and a beta of 0.96. The company has a 50 day moving average price of $49.86 and a 200 day moving average price of $48.30.

Invesco RAFI Strategic US ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were given a dividend of $0.207 per share. The ex-dividend date was Monday, September 23rd. This is a positive change from Invesco RAFI Strategic US ETF’s previous quarterly dividend of $0.18. This represents a $0.83 annualized dividend and a dividend yield of 1.60%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Bridge Advisory LLC raised its position in shares of Invesco RAFI Strategic US ETF by 0.3% in the third quarter. Bridge Advisory LLC now owns 110,771 shares of the company’s stock valued at $5,572,000 after purchasing an additional 348 shares during the period. Lifeworks Advisors LLC lifted its position in shares of Invesco RAFI Strategic US ETF by 16.6% during the third quarter. Lifeworks Advisors LLC now owns 5,284 shares of the company’s stock worth $266,000 after acquiring an additional 752 shares in the last quarter. Dynamic Advisor Solutions LLC boosted its holdings in shares of Invesco RAFI Strategic US ETF by 19.4% in the third quarter. Dynamic Advisor Solutions LLC now owns 5,080 shares of the company’s stock worth $256,000 after acquiring an additional 827 shares during the period. CWM LLC grew its position in shares of Invesco RAFI Strategic US ETF by 49.7% in the third quarter. CWM LLC now owns 2,827 shares of the company’s stock valued at $142,000 after purchasing an additional 938 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its stake in shares of Invesco RAFI Strategic US ETF by 0.8% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 249,391 shares of the company’s stock valued at $11,829,000 after purchasing an additional 1,859 shares during the period.

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.