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

Invesco RAFI Strategic US ETF (NASDAQ:IUS) reached a new 52-week high on Thursday . The stock traded as high as $70.50 and last traded at $70.2960, with a volume of 1541 shares traded. The stock had previously closed at $70.05.

Invesco RAFI Strategic US ETF Stock Performance

The company has a market cap of $956.01 million, a PE ratio of 18.38 and a beta of 0.87. The firm has a fifty day simple moving average of $68.26 and a 200 day simple moving average of $64.14.

Invesco RAFI Strategic US ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were given 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%.

Hedge Funds Weigh In On Invesco RAFI Strategic US ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Rockefeller Capital Management L.P. grew its stake in shares of Invesco RAFI Strategic US ETF by 11,234.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 671,230 shares of the company’s stock valued at $38,368,000 after buying an additional 665,308 shares during the period. Goldman Sachs Group Inc. purchased a new position in shares of Invesco RAFI Strategic US ETF in the 1st quarter worth $11,162,000. Proficio Capital Partners LLC purchased a new position in shares of Invesco RAFI Strategic US ETF in the 2nd quarter worth $6,288,000. RPg Family Wealth Advisory LLC acquired a new position in Invesco RAFI Strategic US ETF in the second quarter valued at $6,180,000. Finally, Orion Porfolio Solutions LLC boosted its holdings 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 acquiring an additional 70,871 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.