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

Invesco RAFI Strategic US ETF (NASDAQ:IUS) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $69.25 and last traded at $69.25, with a volume of 3500 shares changing hands. The stock had previously closed at $67.96.

Invesco RAFI Strategic US ETF Trading Up 0.5%

The business has a 50 day moving average of $66.10 and a 200-day moving average of $62.38. The stock has a market cap of $925.74 million, a PE ratio of 18.38 and a beta of 0.87.

Invesco RAFI Strategic US ETF Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were issued a $0.2054 dividend. This represents a $0.82 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Monday, June 22nd.

Hedge Funds Weigh In On Invesco RAFI Strategic US ETF

A number of hedge funds have recently modified their holdings of IUS. Rockefeller Capital Management L.P. grew its position in Invesco RAFI Strategic US ETF by 11,234.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 671,230 shares of the company’s stock valued at $38,368,000 after buying an additional 665,308 shares during the last quarter. Goldman Sachs Group Inc. purchased a new position in Invesco RAFI Strategic US ETF during the 1st quarter worth $11,162,000. Orion Porfolio Solutions LLC raised its position in Invesco RAFI Strategic US ETF by 372.8% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 89,882 shares of the company’s stock worth $4,629,000 after buying an additional 70,871 shares during the last quarter. Berkeley Inc lifted its stake in shares of Invesco RAFI Strategic US ETF by 38.2% in the 4th quarter. Berkeley Inc now owns 160,885 shares of the company’s stock worth $9,196,000 after acquiring an additional 44,479 shares during the period. Finally, CWM LLC lifted its stake in shares of Invesco RAFI Strategic US ETF by 6.8% in the 4th quarter. CWM LLC now owns 667,862 shares of the company’s stock worth $38,175,000 after acquiring an additional 42,278 shares during the period.

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.