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

Invesco RAFI Strategic US ETF (NASDAQ:IUS) shares hit a new 52-week high during trading on Thursday . The company traded as high as $66.50 and last traded at $66.50, with a volume of 1698 shares. The stock had previously closed at $65.58.

Invesco RAFI Strategic US ETF Stock Up 0.6%

The firm has a 50 day moving average price of $64.55 and a 200 day moving average price of $60.94. The stock has a market capitalization of $892.41 million, a PE ratio of 18.38 and a beta of 0.87.

Invesco RAFI Strategic US ETF Announces Dividend

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

Hedge Funds Weigh In On Invesco RAFI Strategic US ETF

Several large investors have recently bought and sold shares of the stock. McIlrath & Eck LLC boosted its holdings in Invesco RAFI Strategic US ETF by 3.9% during the 1st quarter. McIlrath & Eck LLC now owns 155,035 shares of the company’s stock worth $8,979,000 after acquiring an additional 5,798 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Invesco RAFI Strategic US ETF by 4.2% in the first quarter. Bank of America Corp DE now owns 42,481 shares of the company’s stock valued at $2,460,000 after purchasing an additional 1,701 shares during the last quarter. Royal Bank of Canada lifted its position in shares of Invesco RAFI Strategic US ETF by 60.3% during the first quarter. Royal Bank of Canada now owns 11,430 shares of the company’s stock valued at $662,000 after purchasing an additional 4,299 shares in the last quarter. Independent Financial Group LLC bought a new position in shares of Invesco RAFI Strategic US ETF during the first quarter valued at about $251,000. Finally, ARQ Wealth Advisors LLC lifted its position in shares of Invesco RAFI Strategic US ETF by 3.3% during the first quarter. ARQ Wealth Advisors LLC now owns 203,325 shares of the company’s stock valued at $11,775,000 after purchasing an additional 6,533 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.