Invesco RAFI Strategic US ETF (NASDAQ:IUS) Hits New 12-Month High at $49.66

Invesco RAFI Strategic US ETF (NASDAQ:IUS) reached a new 52-week high on Tuesday . The stock traded as high as $49.66 and last traded at $49.61, with a volume of 1851 shares. The stock had previously closed at $49.42.

Invesco RAFI Strategic US ETF Price Performance

The company has a market cap of $534.47 million, a price-to-earnings ratio of 19.85 and a beta of 0.96. The business’s fifty day moving average price is $48.33 and its 200 day moving average price is $47.31.

Invesco RAFI Strategic US ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 24th were issued a $0.1768 dividend. This represents a $0.71 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend was Monday, June 24th. This is a positive change from Invesco RAFI Strategic US ETF’s previous quarterly dividend of $0.17.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Commonwealth Equity Services LLC boosted its position in shares of Invesco RAFI Strategic US ETF by 1.5% in the first quarter. Commonwealth Equity Services LLC now owns 28,116 shares of the company’s stock valued at $1,334,000 after acquiring an additional 404 shares during the period. Principal Securities Inc. bought a new stake in shares of Invesco RAFI Strategic US ETF in the 4th quarter worth approximately $43,000. Raymond James Financial Services Advisors Inc. raised its position in shares of Invesco RAFI Strategic US ETF by 0.8% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 249,391 shares of the company’s stock worth $11,829,000 after acquiring an additional 1,859 shares in the last quarter. CWM LLC purchased a new position in Invesco RAFI Strategic US ETF during the second quarter valued at $90,000. Finally, Centaurus Financial Inc. bought a new stake in Invesco RAFI Strategic US ETF during the fourth quarter worth about $103,000.

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.