Invesco RAFI Strategic US ETF (NASDAQ:IUS) Sets New 52-Week High – Here’s Why

Shares of Invesco RAFI Strategic US ETF (NASDAQ:IUS) hit a new 52-week high on Monday . The company traded as high as $58.94 and last traded at $58.92, with a volume of 28197 shares trading hands. The stock had previously closed at $58.86.

Invesco RAFI Strategic US ETF Price Performance

The firm has a market capitalization of $715.88 million, a P/E ratio of 18.38 and a beta of 0.93. The stock’s fifty day simple moving average is $56.97 and its 200 day simple moving average is $54.92.

Invesco RAFI Strategic US ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were paid a $0.2108 dividend. This represents a $0.84 annualized dividend and a yield of 1.4%. The ex-dividend date was Monday, December 22nd.

Hedge Funds Weigh In On Invesco RAFI Strategic US ETF

A number of large investors have recently made changes to their positions in IUS. Breakwater Capital Group boosted its position in shares of Invesco RAFI Strategic US ETF by 2.2% in the 4th quarter. Breakwater Capital Group now owns 25,160 shares of the company’s stock worth $1,438,000 after purchasing an additional 548 shares in the last quarter. Dynamic Advisor Solutions LLC raised its stake in Invesco RAFI Strategic US ETF by 8.4% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 4,202 shares of the company’s stock valued at $240,000 after buying an additional 325 shares during the last quarter. Foguth Wealth Management LLC. purchased a new stake in Invesco RAFI Strategic US ETF in the fourth quarter valued at about $3,013,000. Narus Financial Partners LLC acquired a new stake in Invesco RAFI Strategic US ETF in the third quarter worth about $408,000. Finally, NewEdge Advisors LLC grew its stake in shares of Invesco RAFI Strategic US ETF by 49.5% during the third quarter. NewEdge Advisors LLC now owns 21,726 shares of the company’s stock worth $1,199,000 after acquiring an additional 7,196 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.