Invesco RAFI Strategic US ETF (NASDAQ:IUS) Hits New 12-Month High – What’s Next?

Invesco RAFI Strategic US ETF (NASDAQ:IUS) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $63.46 and last traded at $63.42, with a volume of 19637 shares. The stock had previously closed at $62.82.

Invesco RAFI Strategic US ETF Price Performance

The stock has a market cap of $801.88 million, a P/E ratio of 18.38 and a beta of 0.87. The business’s 50 day simple moving average is $59.70 and its 200 day simple moving average is $58.34.

Invesco RAFI Strategic US ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were paid a $0.2147 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.4%. This is an increase from Invesco RAFI Strategic US ETF’s previous quarterly dividend of $0.21. The ex-dividend date was Monday, March 23rd.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Envestnet Asset Management Inc. raised its stake in shares of Invesco RAFI Strategic US ETF by 12.8% in the third quarter. Envestnet Asset Management Inc. now owns 772,489 shares of the company’s stock valued at $42,649,000 after acquiring an additional 87,866 shares during the last quarter. Rockefeller Capital Management L.P. raised its stake in shares of Invesco RAFI Strategic US ETF by 11,234.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 671,230 shares of the company’s stock valued at $38,368,000 after acquiring an additional 665,308 shares during the last quarter. CWM LLC increased its holdings in shares of Invesco RAFI Strategic US ETF by 6.8% in the fourth quarter. CWM LLC now owns 667,862 shares of the company’s stock valued at $38,175,000 after purchasing an additional 42,278 shares in the last quarter. Intelligence Driven Advisers LLC increased its holdings in shares of Invesco RAFI Strategic US ETF by 0.8% in the fourth quarter. Intelligence Driven Advisers LLC now owns 662,742 shares of the company’s stock valued at $37,883,000 after purchasing an additional 4,983 shares in the last quarter. Finally, Osaic Holdings Inc. increased its holdings in shares of Invesco RAFI Strategic US ETF by 2.4% in the fourth quarter. Osaic Holdings Inc. now owns 493,937 shares of the company’s stock valued at $28,235,000 after purchasing an additional 11,666 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.