Invesco RAFI Strategic US ETF (NASDAQ:IUS) Sets New 12-Month High at $47.87

Shares of Invesco RAFI Strategic US ETF (NASDAQ:IUS) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $47.87 and last traded at $47.86, with a volume of 83990 shares trading hands. The stock had previously closed at $47.58.

Invesco RAFI Strategic US ETF Trading Up 0.9 %

The firm has a market capitalization of $504 million, a PE ratio of 19.85 and a beta of 0.96. The firm has a 50 day simple moving average of $47.08 and a 200 day simple moving average of $45.83.

Invesco RAFI Strategic US ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 24th were issued a dividend of $0.1768 per share. This represents a $0.71 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date was Monday, June 24th. This is an increase from Invesco RAFI Strategic US ETF’s previous quarterly dividend of $0.17.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Anchor Investment Management LLC purchased a new position in shares of Invesco RAFI Strategic US ETF in the 4th quarter worth $41,000. Dynamic Advisor Solutions LLC purchased a new position in shares of Invesco RAFI Strategic US ETF in the fourth quarter worth approximately $211,000. CoreCap Advisors LLC grew its position in Invesco RAFI Strategic US ETF by 21.4% during the fourth quarter. CoreCap Advisors LLC now owns 29,571 shares of the company’s stock valued at $1,280,000 after buying an additional 5,209 shares during the period. Global Retirement Partners LLC increased its holdings in Invesco RAFI Strategic US ETF by 154.6% during the fourth quarter. Global Retirement Partners LLC now owns 4,198 shares of the company’s stock valued at $181,000 after buying an additional 2,549 shares during the last quarter. Finally, PFG Advisors boosted its stake in shares of Invesco RAFI Strategic US ETF by 2.6% during the 4th quarter. PFG Advisors now owns 82,267 shares of the company’s stock worth $3,562,000 after acquiring an additional 2,067 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.