Invesco RAFI Strategic US ETF (NASDAQ:IUS) Hits New 12-Month High – Time to Buy?

Invesco RAFI Strategic US ETF (NASDAQ:IUS)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $70.23 and last traded at $70.23, with a volume of 6335 shares trading hands. The stock had previously closed at $69.39.

Invesco RAFI Strategic US ETF Price Performance

The company has a market capitalization of $954.37 million, a price-to-earnings ratio of 18.38 and a beta of 0.87. The stock has a 50 day simple moving average of $67.06 and a two-hundred day simple moving average of $63.27.

Invesco RAFI Strategic US ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were given a dividend of $0.2054 per share. This represents a $0.82 annualized dividend and a dividend 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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Rockefeller Capital Management L.P. raised its position in Invesco RAFI Strategic US ETF by 11,234.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 671,230 shares of the company’s stock valued at $38,368,000 after purchasing an additional 665,308 shares during the last quarter. Goldman Sachs Group Inc. purchased a new position in Invesco RAFI Strategic US ETF during the 1st quarter worth $11,162,000. Orion Porfolio Solutions LLC increased its stake in Invesco RAFI Strategic US ETF by 372.8% in the second quarter. Orion Porfolio Solutions LLC now owns 89,882 shares of the company’s stock valued at $4,629,000 after purchasing an additional 70,871 shares during the period. Capital Developers LLC acquired a new position in Invesco RAFI Strategic US ETF in the fourth quarter valued at $1,592,000. Finally, Vantus Wealth LLC purchased a new stake in shares of Invesco RAFI Strategic US ETF in the fourth quarter valued at about $1,588,000.

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.