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

by · The Cerbat Gem

Invesco RAFI Strategic US ETF (NASDAQ:IUS – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $57.46 and last traded at $57.44, with a volume of 15669 shares. The stock had previously closed at $57.15.

Invesco RAFI Strategic US ETF Stock Performance

The stock has a market capitalization of $700.16 million, a price-to-earnings ratio of 18.38 and a beta of 0.93. The business has a 50-day moving average of $55.86 and a 200-day moving average of $53.47.

Invesco RAFI Strategic US ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were given a dividend of $0.2136 per share. This is a boost from Invesco RAFI Strategic US ETF’s previous quarterly dividend of $0.21. This represents a $0.85 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Monday, September 22nd.

Hedge Funds Weigh In On Invesco RAFI Strategic US ETF

Hedge funds have recently made changes to their positions in the stock. Highline Wealth Partners LLC purchased a new stake in Invesco RAFI Strategic US ETF in the second quarter valued at approximately $25,000. US Bancorp DE acquired a new stake in shares of Invesco RAFI Strategic US ETF in the third quarter valued at $41,000. Root Financial Partners LLC acquired a new stake in shares of Invesco RAFI Strategic US ETF in the third quarter valued at $60,000. Corient Private Wealth LLC purchased a new stake in shares of Invesco RAFI Strategic US ETF in the 2nd quarter valued at $208,000. Finally, Betterment LLC acquired a new position in Invesco RAFI Strategic US ETF during the 2nd quarter worth about $214,000.

Invesco RAFI Strategic US ETF Company Profile

(Get Free Report)

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.

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