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

Invesco RAFI Strategic US ETF (NASDAQ:IUS) shares hit a new 52-week high on Monday . The company traded as high as $69.77 and last traded at $69.76, with a volume of 7557 shares. The stock had previously closed at $69.51.

Invesco RAFI Strategic US ETF Trading Down 0.1%

The stock has a market cap of $950.01 million, a price-to-earnings ratio of 18.38 and a beta of 0.87. The company has a fifty day simple moving average of $66.63 and a 200-day simple moving average of $62.90.

Invesco RAFI Strategic US ETF Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were issued a dividend of $0.2054 per share. The ex-dividend date was Monday, June 22nd. This represents a $0.82 dividend on an annualized basis and a dividend yield of 1.2%.

Hedge Funds Weigh In On Invesco RAFI Strategic US ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in IUS. Goldman Sachs Group Inc. acquired a new stake in shares of Invesco RAFI Strategic US ETF in the first quarter worth $11,162,000. Betterment LLC acquired a new position in Invesco RAFI Strategic US ETF during the second quarter valued at $214,000. McIlrath & Eck LLC lifted its stake in Invesco RAFI Strategic US ETF by 6.5% in the 2nd quarter. McIlrath & Eck LLC now owns 129,200 shares of the company’s stock worth $6,654,000 after acquiring an additional 7,922 shares in the last quarter. MML Investors Services LLC lifted its stake in Invesco RAFI Strategic US ETF by 29.2% in the 2nd quarter. MML Investors Services LLC now owns 122,507 shares of the company’s stock worth $6,309,000 after acquiring an additional 27,667 shares in the last quarter. Finally, Orion Porfolio Solutions LLC boosted its position in Invesco RAFI Strategic US ETF by 372.8% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 89,882 shares of the company’s stock worth $4,629,000 after acquiring an additional 70,871 shares during the period.

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.