Invesco RAFI Strategic US ETF (NASDAQ:IUS) Hits New 52-Week High – Time to Buy?

Shares of Invesco RAFI Strategic US ETF (NASDAQ:IUS) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $70.50 and last traded at $70.2960, with a volume of 1541 shares traded. The stock had previously closed at $70.05.

Invesco RAFI Strategic US ETF Stock Up 0.3%

The company has a market cap of $957.38 million, a P/E ratio of 18.38 and a beta of 0.87. The company has a 50 day moving average price of $68.05 and a 200-day moving average price of $64.03.

Invesco RAFI Strategic US ETF Announces Dividend

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

Hedge Funds Weigh In On Invesco RAFI Strategic US ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vantus Wealth LLC bought a new stake in shares of Invesco RAFI Strategic US ETF during the 4th quarter worth about $1,588,000. Rockefeller Capital Management L.P. lifted its stake 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 worth $38,368,000 after acquiring an additional 665,308 shares during the period. Proficio Capital Partners LLC bought a new position in shares of Invesco RAFI Strategic US ETF in the second quarter valued at approximately $6,288,000. Kestra Advisory Services LLC boosted its holdings in shares of Invesco RAFI Strategic US ETF by 6.5% in the first quarter. Kestra Advisory Services LLC now owns 270,283 shares of the company’s stock valued at $15,653,000 after acquiring an additional 16,427 shares in the last quarter. Finally, RPg Family Wealth Advisory LLC acquired a new position in shares of Invesco RAFI Strategic US ETF during the second quarter valued at approximately $6,180,000.

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.