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

Invesco RAFI Strategic US ETF (NASDAQ:IUS) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $50.86 and last traded at $50.84, with a volume of 4837 shares trading hands. The stock had previously closed at $50.83.

Invesco RAFI Strategic US ETF Trading Down 0.2 %

The company has a market capitalization of $595.14 million, a price-to-earnings ratio of 19.85 and a beta of 0.96. The firm’s 50 day moving average price is $49.26 and its two-hundred day moving average price is $47.86.

Invesco RAFI Strategic US ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were given a dividend of $0.207 per share. This represents a $0.83 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend was Monday, September 23rd. This is an increase from Invesco RAFI Strategic US ETF’s previous quarterly dividend of $0.18.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. LPL Financial LLC boosted its position in Invesco RAFI Strategic US ETF by 35.8% during the second quarter. LPL Financial LLC now owns 824,299 shares of the company’s stock worth $39,097,000 after purchasing an additional 217,384 shares during the period. Aveo Capital Partners LLC boosted its holdings in shares of Invesco RAFI Strategic US ETF by 5.0% during the 2nd quarter. Aveo Capital Partners LLC now owns 516,023 shares of the company’s stock worth $24,475,000 after buying an additional 24,801 shares during the period. Intelligence Driven Advisers LLC grew its stake in Invesco RAFI Strategic US ETF by 52.1% in the 2nd quarter. Intelligence Driven Advisers LLC now owns 360,471 shares of the company’s stock valued at $17,097,000 after buying an additional 123,440 shares during the last quarter. Osaic Holdings Inc. raised its holdings in Invesco RAFI Strategic US ETF by 43.8% in the 1st quarter. Osaic Holdings Inc. now owns 357,733 shares of the company’s stock valued at $16,979,000 after acquiring an additional 108,913 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in Invesco RAFI Strategic US ETF by 413.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 250,548 shares of the company’s stock valued at $11,883,000 after acquiring an additional 201,709 shares during the period.

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.