Invesco RAFI Strategic US ETF (NASDAQ:IUS) Hits New 52-Week High – What’s Next?

Invesco RAFI Strategic US ETF (NASDAQ:IUS)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $70.23 and last traded at $70.23, with a volume of 6335 shares trading hands. The stock had previously closed at $69.39.

Invesco RAFI Strategic US ETF Trading Up 0.9%

The firm has a market capitalization of $954.37 million, a PE ratio of 18.38 and a beta of 0.87. The business has a fifty day moving average price of $67.06 and a two-hundred day moving average price of $63.27.

Invesco RAFI Strategic US ETF Announces Dividend

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

Institutional Investors Weigh In On Invesco RAFI Strategic US ETF

A number of institutional investors have recently made changes to their positions in the stock. Narus Financial Partners LLC increased its stake in shares of 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 buying an additional 201 shares during the period. Principal Securities Inc. grew its holdings in Invesco RAFI Strategic US ETF by 4.9% during the 4th quarter. Principal Securities Inc. now owns 4,503 shares of the company’s stock worth $257,000 after acquiring an additional 210 shares in the last quarter. Breakwater Capital Group grew its holdings in Invesco RAFI Strategic US ETF by 1.3% during the 1st quarter. Breakwater Capital Group now owns 25,478 shares of the company’s stock worth $1,476,000 after acquiring an additional 318 shares in the last quarter. Sigma Planning Corp increased its position in shares of Invesco RAFI Strategic US ETF by 3.6% in the 4th quarter. Sigma Planning Corp now owns 11,321 shares of the company’s stock valued at $647,000 after purchasing an additional 391 shares during the last quarter. Finally, RVW Wealth LLC increased its position in shares of Invesco RAFI Strategic US ETF by 3.9% in the 2nd quarter. RVW Wealth LLC now owns 14,024 shares of the company’s stock valued at $920,000 after purchasing an additional 527 shares during the last quarter.

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.