Invesco RAFI Strategic US ETF (NASDAQ:IUS) Sets New 1-Year High – Time to Buy?

Invesco RAFI Strategic US ETF (NASDAQ:IUS)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $67.02 and last traded at $66.72, with a volume of 40282 shares traded. The stock had previously closed at $66.51.

Invesco RAFI Strategic US ETF Stock Up 0.3%

The stock has a market capitalization of $897.38 million, a PE ratio of 18.38 and a beta of 0.87. The stock has a fifty day moving average of $64.94 and a 200-day moving average of $61.20.

Invesco RAFI Strategic US ETF Announces Dividend

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

Institutional Trading of Invesco RAFI Strategic US ETF

Large investors have recently made changes to their positions in the company. Rockefeller Capital Management L.P. lifted its stake in Invesco RAFI Strategic US ETF by 11,234.5% in the fourth 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 last quarter. Goldman Sachs Group Inc. acquired a new position in Invesco RAFI Strategic US ETF during the 1st quarter worth approximately $11,162,000. Orion Porfolio Solutions LLC increased its position in shares of Invesco RAFI Strategic US ETF by 372.8% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 89,882 shares of the company’s stock valued at $4,629,000 after purchasing an additional 70,871 shares during the last quarter. Foguth Wealth Management LLC. purchased a new stake in shares of Invesco RAFI Strategic US ETF in the 4th quarter valued at approximately $3,013,000. Finally, Berkeley Inc raised its holdings in shares of 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 purchasing 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.