Invesco RAFI Strategic US ETF (NASDAQ:IUS) Reaches New 52-Week High at $49.23

Invesco RAFI Strategic US ETF (NASDAQ:IUS) hit a new 52-week high on Friday . The stock traded as high as $49.23 and last traded at $49.13, with a volume of 7717 shares changing hands. The stock had previously closed at $48.71.

Invesco RAFI Strategic US ETF Stock Up 0.5 %

The firm has a market cap of $527.90 million, a P/E ratio of 19.85 and a beta of 0.96. The business has a fifty day moving average of $47.86 and a 200 day moving average of $46.81.

Invesco RAFI Strategic US ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 24th were given a $0.1768 dividend. This represents a $0.71 dividend on an annualized basis and a dividend yield of 1.44%. This is an increase from Invesco RAFI Strategic US ETF’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Monday, June 24th.

Institutional Investors Weigh In On Invesco RAFI Strategic US ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Principal Securities Inc. acquired a new position in Invesco RAFI Strategic US ETF during the fourth quarter valued at approximately $43,000. CWM LLC bought a new stake in shares of Invesco RAFI Strategic US ETF during the second quarter worth $90,000. Centaurus Financial Inc. bought a new stake in shares of Invesco RAFI Strategic US ETF during the fourth quarter worth $103,000. Advisors Preferred LLC bought a new stake in shares of Invesco RAFI Strategic US ETF during the first quarter worth $193,000. Finally, Global Retirement Partners LLC grew its stake in shares of Invesco RAFI Strategic US ETF by 8.4% during the first quarter. Global Retirement Partners LLC now owns 4,550 shares of the company’s stock worth $216,000 after buying an additional 352 shares during the last quarter.

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.