Invesco RAFI Strategic US ETF (NASDAQ:IUS) Hits New 12-Month High – Here’s Why

Invesco RAFI Strategic US ETF (NASDAQ:IUS)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $67.39 and last traded at $67.04, with a volume of 25183 shares changing hands. The stock had previously closed at $66.91.

Invesco RAFI Strategic US ETF Stock Performance

The company has a market capitalization of $894.72 million, a price-to-earnings ratio of 18.38 and a beta of 0.87. The firm’s 50-day simple moving average is $65.41 and its 200-day simple moving average is $61.60.

Invesco RAFI Strategic US ETF Announces Dividend

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

Hedge Funds Weigh In On Invesco RAFI Strategic US ETF

A number of hedge funds have recently made changes to their positions in IUS. Goldman Sachs Group Inc. acquired a new stake in Invesco RAFI Strategic US ETF in the 1st quarter valued at $11,162,000. Betterment LLC acquired a new position in Invesco RAFI Strategic US ETF during the second quarter worth $214,000. McIlrath & Eck LLC raised its stake in Invesco RAFI Strategic US ETF by 6.5% during the second quarter. McIlrath & Eck LLC now owns 129,200 shares of the company’s stock worth $6,654,000 after acquiring an additional 7,922 shares in the last quarter. MML Investors Services LLC raised its stake in Invesco RAFI Strategic US ETF by 29.2% during the second quarter. MML Investors Services LLC now owns 122,507 shares of the company’s stock worth $6,309,000 after acquiring an additional 27,667 shares in the last quarter. Finally, Orion Porfolio Solutions LLC lifted its holdings in shares of Invesco RAFI Strategic US ETF by 372.8% during the second quarter. Orion Porfolio Solutions LLC now owns 89,882 shares of the company’s stock valued at $4,629,000 after acquiring an additional 70,871 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.