Invesco RAFI Strategic US ETF (NASDAQ:IUS) Sets New 12-Month High – What’s Next?

Invesco RAFI Strategic US ETF (NASDAQ:IUS) reached a new 52-week high on Wednesday . The stock traded as high as $61.97 and last traded at $61.46, with a volume of 42504 shares. The stock had previously closed at $61.62.

Invesco RAFI Strategic US ETF Trading Up 0.0%

The stock has a market capitalization of $748.66 million, a PE ratio of 18.38 and a beta of 0.87. The firm’s 50-day simple moving average is $59.48 and its two-hundred day simple moving average is $58.05.

Invesco RAFI Strategic US ETF Increases Dividend

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

Hedge Funds Weigh In On Invesco RAFI Strategic US ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in IUS. Flagship Harbor Advisors LLC purchased a new position in Invesco RAFI Strategic US ETF during the 4th quarter worth approximately $25,000. US Bancorp DE purchased a new position in Invesco RAFI Strategic US ETF during the 3rd quarter worth approximately $41,000. Root Financial Partners LLC acquired a new stake in shares of Invesco RAFI Strategic US ETF during the 3rd quarter valued at $60,000. Hughes Financial Services LLC boosted its stake in shares of Invesco RAFI Strategic US ETF by 58.1% during the 4th quarter. Hughes Financial Services LLC now owns 2,553 shares of the company’s stock valued at $146,000 after buying an additional 938 shares during the period. Finally, Corient Private Wealth LLC acquired a new stake in shares of Invesco RAFI Strategic US ETF during the 2nd quarter valued at $208,000.

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.