Invesco RAFI Strategic US ETF (NASDAQ:IUS) Reaches New 12-Month High – What’s Next?

Invesco RAFI Strategic US ETF (NASDAQ:IUS)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $51.00 and last traded at $50.89, with a volume of 6023 shares changing hands. The stock had previously closed at $49.98.

Invesco RAFI Strategic US ETF Trading Up 2.6 %

The firm’s 50 day moving average price is $49.73 and its two-hundred day moving average price is $48.22. The company has a market capitalization of $604.99 million, a price-to-earnings ratio of 19.85 and a beta of 0.96.

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 issued a dividend of $0.207 per share. This is an increase from Invesco RAFI Strategic US ETF’s previous quarterly dividend of $0.18. The ex-dividend date was Monday, September 23rd. This represents a $0.83 annualized dividend and a yield of 1.61%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Lifeworks Advisors LLC boosted its stake in Invesco RAFI Strategic US ETF by 16.6% in the 3rd quarter. Lifeworks Advisors LLC now owns 5,284 shares of the company’s stock valued at $266,000 after purchasing an additional 752 shares during the period. Intelligence Driven Advisers LLC boosted its position in shares of Invesco RAFI Strategic US ETF by 20.1% in the third quarter. Intelligence Driven Advisers LLC now owns 432,798 shares of the company’s stock valued at $21,770,000 after acquiring an additional 72,327 shares during the period. Sigma Planning Corp bought a new stake in shares of Invesco RAFI Strategic US ETF in the third quarter valued at about $205,000. Strategic Blueprint LLC grew its stake in shares of Invesco RAFI Strategic US ETF by 38.2% in the third quarter. Strategic Blueprint LLC now owns 7,194 shares of the company’s stock valued at $362,000 after acquiring an additional 1,987 shares in the last quarter. Finally, AllGen Financial Advisors Inc. bought a new position in Invesco RAFI Strategic US ETF during the third quarter worth about $235,000.

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.