Invesco RAFI Strategic US ETF (NASDAQ:IUS) Sets New 52-Week High – Still a Buy?

Invesco RAFI Strategic US ETF (NASDAQ:IUS) shares hit a new 52-week high during trading on Monday . The stock traded as high as $69.25 and last traded at $69.25, with a volume of 3500 shares trading hands. The stock had previously closed at $67.96.

Invesco RAFI Strategic US ETF Stock Up 1.1%

The firm has a 50 day simple moving average of $66.25 and a two-hundred day simple moving average of $62.53. The stock has a market capitalization of $940.37 million, a P/E ratio of 18.38 and a beta of 0.87.

Invesco RAFI Strategic US ETF Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were paid a $0.2054 dividend. The ex-dividend date 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

Several institutional investors and hedge funds have recently modified their holdings of the business. Capital Developers LLC acquired a new stake in Invesco RAFI Strategic US ETF in the fourth quarter valued at about $1,592,000. CWM LLC raised its stake in Invesco RAFI Strategic US ETF by 6.8% during the fourth quarter. CWM LLC now owns 667,862 shares of the company’s stock worth $38,175,000 after acquiring an additional 42,278 shares in the last quarter. PFG Advisors raised its stake in Invesco RAFI Strategic US ETF by 14.7% during the fourth quarter. PFG Advisors now owns 108,036 shares of the company’s stock worth $6,175,000 after acquiring an additional 13,823 shares in the last quarter. Vantus Wealth LLC acquired a new position in Invesco RAFI Strategic US ETF during the fourth quarter worth about $1,588,000. Finally, Berkeley Inc lifted its holdings in shares of Invesco RAFI Strategic US ETF by 38.2% in the fourth quarter. Berkeley Inc now owns 160,885 shares of the company’s stock worth $9,196,000 after acquiring an additional 44,479 shares during 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.