Invesco RAFI Strategic US ETF (NASDAQ:IUS) Reaches New 52-Week High – Here’s What Happened

Invesco RAFI Strategic US ETF (NASDAQ:IUS)’s share price reached a new 52-week high during mid-day trading on Wednesday. The stock traded as high as $71.00 and last traded at $70.9650, with a volume of 202 shares changing hands. The stock had previously closed at $70.11.

Invesco RAFI Strategic US ETF Price Performance

The stock has a 50-day moving average of $69.59 and a 200 day moving average of $64.90. The stock has a market capitalization of $1.00 billion, a price-to-earnings ratio of 19.79 and a beta of 0.87.

Invesco RAFI Strategic US ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Monday, September 21st were given a dividend of $0.2284 per share. This represents a $0.91 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Monday, September 21st. This is a boost from Invesco RAFI Strategic US ETF’s previous quarterly dividend of $0.2054.

Institutional Investors Weigh In On Invesco RAFI Strategic US ETF

Several institutional investors have recently modified their holdings of the business. Alpine Bank Wealth Management boosted its position in shares of Invesco RAFI Strategic US ETF by 3.3% in the 3rd quarter. Alpine Bank Wealth Management now owns 609,925 shares of the company’s stock worth $41,361,000 after purchasing an additional 19,335 shares during the last quarter. Intelligence Driven Advisers LLC grew its stake in shares of Invesco RAFI Strategic US ETF by 1.1% during the third quarter. Intelligence Driven Advisers LLC now owns 565,669 shares of the company’s stock worth $38,360,000 after purchasing an additional 5,966 shares during the period. Berkeley Inc grew its stake in shares of Invesco RAFI Strategic US ETF by 13.1% during the third quarter. Berkeley Inc now owns 264,245 shares of the company’s stock worth $17,919,000 after purchasing an additional 30,512 shares during the period. Kestra Advisory Services LLC increased its holdings in Invesco RAFI Strategic US ETF by 1.1% in the third quarter. Kestra Advisory Services LLC now owns 245,434 shares of the company’s stock valued at $16,644,000 after purchasing an additional 2,729 shares during the last quarter. Finally, ARQ Wealth Advisors LLC increased its holdings in Invesco RAFI Strategic US ETF by 3.3% in the first quarter. ARQ Wealth Advisors LLC now owns 203,325 shares of the company’s stock valued at $11,775,000 after purchasing an additional 6,533 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.