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

Invesco RAFI Strategic US ETF (NASDAQ:IUS) hit a new 52-week high during trading on Tuesday . The company traded as high as $62.21 and last traded at $61.99, with a volume of 104954 shares changing hands. The stock had previously closed at $61.95.

Invesco RAFI Strategic US ETF Stock Up 0.1%

The stock’s 50-day moving average price is $59.56 and its 200 day moving average price is $58.17. The firm has a market capitalization of $751.94 million, a price-to-earnings ratio of 18.38 and a beta of 0.87.

Invesco RAFI Strategic US ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were given a dividend of $0.2147 per share. The ex-dividend date was Monday, March 23rd. This is an increase from Invesco RAFI Strategic US ETF’s previous quarterly dividend of $0.21. This represents a $0.86 annualized dividend and a yield of 1.4%.

Institutional Investors Weigh In On Invesco RAFI Strategic US ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Narus Financial Partners LLC increased its position in Invesco RAFI Strategic US ETF by 2.5% during the fourth quarter. Narus Financial Partners LLC now owns 8,247 shares of the company’s stock worth $471,000 after purchasing an additional 201 shares during the last quarter. Principal Securities Inc. increased its position in Invesco RAFI Strategic US ETF by 4.9% during the fourth quarter. Principal Securities Inc. now owns 4,503 shares of the company’s stock worth $257,000 after purchasing an additional 210 shares during the last quarter. Prospera Financial Services Inc increased its position in Invesco RAFI Strategic US ETF by 4.3% during the third quarter. Prospera Financial Services Inc now owns 7,457 shares of the company’s stock worth $412,000 after purchasing an additional 310 shares during the last quarter. Breakwater Capital Group increased its position in Invesco RAFI Strategic US ETF by 1.3% during the first quarter. Breakwater Capital Group now owns 25,478 shares of the company’s stock worth $1,476,000 after purchasing an additional 318 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC increased its position in Invesco RAFI Strategic US ETF by 8.4% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 4,202 shares of the company’s stock worth $240,000 after purchasing an additional 325 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.