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

Invesco RAFI Strategic US ETF (NASDAQ:IUS) shares reached a new 52-week high on Monday . The company traded as high as $64.48 and last traded at $64.38, with a volume of 5966 shares traded. The stock had previously closed at $63.56.

Invesco RAFI Strategic US ETF Stock Performance

The firm has a market capitalization of $812.36 million, a PE ratio of 18.38 and a beta of 0.87. The firm’s 50-day moving average is $59.90 and its 200 day moving average is $58.52.

Invesco RAFI Strategic US ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were issued a dividend of $0.2147 per share. This is an increase from Invesco RAFI Strategic US ETF’s previous quarterly dividend of $0.21. The ex-dividend date was Monday, March 23rd. This represents a $0.86 annualized dividend and a yield of 1.3%.

Hedge Funds Weigh In On Invesco RAFI Strategic US ETF

Several hedge funds have recently added to or reduced their stakes in IUS. Goldman Sachs Group Inc. purchased a new position in Invesco RAFI Strategic US ETF during the 1st quarter valued at about $11,162,000. Betterment LLC purchased a new position in Invesco RAFI Strategic US ETF during the second quarter worth $214,000. McIlrath & Eck LLC increased its position in Invesco RAFI Strategic US ETF by 6.5% during the second quarter. McIlrath & Eck LLC now owns 129,200 shares of the company’s stock worth $6,654,000 after buying an additional 7,922 shares in the last quarter. MML Investors Services LLC increased its position in Invesco RAFI Strategic US ETF by 29.2% during the second quarter. MML Investors Services LLC now owns 122,507 shares of the company’s stock worth $6,309,000 after buying an additional 27,667 shares in the last quarter. Finally, Orion Porfolio Solutions LLC increased its position in Invesco RAFI Strategic US ETF by 372.8% during the second quarter. Orion Porfolio Solutions LLC now owns 89,882 shares of the company’s stock worth $4,629,000 after buying an additional 70,871 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.