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

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 changing hands. The stock had previously closed at $70.05.

Invesco RAFI Strategic US ETF Trading Up 0.3%

The firm has a 50-day moving average price of $68.05 and a 200-day moving average price of $64.03. The company has a market capitalization of $957.38 million, a price-to-earnings ratio of 18.38 and a beta of 0.87.

Invesco RAFI Strategic US ETF Dividend Announcement

The company also recently announced 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. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $0.82 annualized dividend and a yield of 1.2%.

Institutional Investors Weigh In On Invesco RAFI Strategic US ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. acquired a new stake in Invesco RAFI Strategic US ETF in the 1st quarter valued at about $11,162,000. Betterment LLC acquired a new position in shares of Invesco RAFI Strategic US ETF in the 2nd quarter worth approximately $214,000. McIlrath & Eck LLC grew its stake in shares of 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 purchasing an additional 7,922 shares during the last quarter. MML Investors Services LLC raised its holdings in shares of 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 purchasing an additional 27,667 shares in the last quarter. Finally, Orion Porfolio Solutions LLC raised its holdings 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 worth $4,629,000 after purchasing an additional 70,871 shares in the last quarter.

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.