Invesco RAFI Strategic US ETF (NASDAQ:IUS) Reaches 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 $66.50 and last traded at $66.50, with a volume of 1698 shares traded. The stock had previously closed at $65.58.

Invesco RAFI Strategic US ETF Stock Performance

The company’s 50 day simple moving average is $64.55 and its 200 day simple moving average is $60.94. The stock has a market cap of $892.41 million, a PE ratio of 18.38 and a beta of 0.87.

Invesco RAFI Strategic US ETF Announces Dividend

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

Institutional Trading of Invesco RAFI Strategic US ETF

Hedge funds have recently bought and sold shares of the business. Flagship Harbor Advisors LLC purchased a new position in Invesco RAFI Strategic US ETF in the fourth quarter worth $25,000. US Bancorp DE purchased a new stake in shares of Invesco RAFI Strategic US ETF during the 3rd quarter valued at $41,000. Hughes Financial Services LLC raised its stake in shares of Invesco RAFI Strategic US ETF by 58.1% during the 4th quarter. Hughes Financial Services LLC now owns 2,553 shares of the company’s stock worth $146,000 after purchasing an additional 938 shares during the period. Corient Private Wealth LLC bought a new stake in shares of Invesco RAFI Strategic US ETF during the 2nd quarter worth $208,000. Finally, Betterment LLC purchased a new position in shares of Invesco RAFI Strategic US ETF in the 2nd quarter worth about $214,000.

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.