Invesco RAFI Strategic US ETF (NASDAQ:IUS) Reaches New 52-Week High – Still a Buy?

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 $67.02 and last traded at $66.72, with a volume of 40282 shares. The stock had previously closed at $66.51.

Invesco RAFI Strategic US ETF Price Performance

The firm has a market cap of $897.38 million, a PE ratio of 18.38 and a beta of 0.87. The stock’s fifty day moving average price is $64.94 and its 200-day moving average price is $61.20.

Invesco RAFI Strategic US ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were issued a $0.2054 dividend. This represents a $0.82 annualized dividend and a yield of 1.2%. The ex-dividend date was Monday, June 22nd.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Rockefeller Capital Management L.P. raised its holdings in shares of Invesco RAFI Strategic US ETF by 11,234.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 671,230 shares of the company’s stock valued at $38,368,000 after buying an additional 665,308 shares during the period. Goldman Sachs Group Inc. purchased a new position in Invesco RAFI Strategic US ETF during the 1st quarter valued at about $11,162,000. Orion Porfolio Solutions LLC boosted its holdings 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 valued at $4,629,000 after acquiring an additional 70,871 shares during the period. Foguth Wealth Management LLC. acquired a new position in Invesco RAFI Strategic US ETF in the 4th quarter valued at about $3,013,000. Finally, Berkeley Inc grew its position in Invesco RAFI Strategic US ETF by 38.2% in the 4th quarter. Berkeley Inc now owns 160,885 shares of the company’s stock valued at $9,196,000 after acquiring an additional 44,479 shares in 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.