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

Shares of Invesco RAFI Strategic US ETF (NASDAQ:IUS) hit a new 52-week high during trading on Tuesday . The stock traded as high as $67.63 and last traded at $67.63, with a volume of 1540 shares trading hands. The stock had previously closed at $67.27.

Invesco RAFI Strategic US ETF Stock Down 0.6%

The business has a 50-day simple moving average of $65.98 and a two-hundred day simple moving average of $62.26. The stock has a market capitalization of $912.33 million, a P/E ratio of 18.38 and a beta of 0.87.

Invesco RAFI Strategic US ETF Announces Dividend

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

Institutional Investors Weigh In On Invesco RAFI Strategic US ETF

Large investors have recently made changes to their positions in the company. Rockefeller Capital Management L.P. lifted its holdings in Invesco RAFI Strategic US ETF by 11,234.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 671,230 shares of the company’s stock valued at $38,368,000 after purchasing an additional 665,308 shares during the last quarter. CWM LLC grew its stake in Invesco RAFI Strategic US ETF by 6.8% during the fourth quarter. CWM LLC now owns 667,862 shares of the company’s stock worth $38,175,000 after buying an additional 42,278 shares during the last quarter. Intelligence Driven Advisers LLC grew its stake in Invesco RAFI Strategic US ETF by 0.8% during the fourth quarter. Intelligence Driven Advisers LLC now owns 662,742 shares of the company’s stock worth $37,883,000 after buying an additional 4,983 shares during the last quarter. Osaic Holdings Inc. increased its holdings in shares of Invesco RAFI Strategic US ETF by 2.4% during the fourth quarter. Osaic Holdings Inc. now owns 493,937 shares of the company’s stock worth $28,235,000 after buying an additional 11,666 shares in the last quarter. Finally, Kestra Advisory Services LLC increased its holdings in shares of Invesco RAFI Strategic US ETF by 6.5% during the first quarter. Kestra Advisory Services LLC now owns 270,283 shares of the company’s stock worth $15,653,000 after buying an additional 16,427 shares in 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.