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

Invesco RAFI Strategic US ETF (NASDAQ:IUS)’s stock price reached a new 52-week high on Monday . The stock traded as high as $69.77 and last traded at $69.76, with a volume of 7557 shares. The stock had previously closed at $69.51.

Invesco RAFI Strategic US ETF Trading Up 0.4%

The company has a 50 day moving average of $66.47 and a 200-day moving average of $62.74. The firm has a market capitalization of $951.51 million, a P/E ratio of 18.38 and a beta of 0.87.

Invesco RAFI Strategic US ETF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were given a dividend of $0.2054 per share. The ex-dividend date was Monday, June 22nd. This represents a $0.82 annualized dividend and a yield of 1.2%.

Institutional Investors Weigh In On Invesco RAFI Strategic US ETF

A number of institutional investors have recently modified their holdings of IUS. Flagship Harbor Advisors LLC acquired a new position in shares of Invesco RAFI Strategic US ETF in the fourth quarter valued at about $25,000. US Bancorp DE bought a new position in Invesco RAFI Strategic US ETF during the third quarter worth about $41,000. Hughes Financial Services LLC raised its stake in Invesco RAFI Strategic US ETF by 58.1% in 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 in the last quarter. Corient Private Wealth LLC acquired a new stake in Invesco RAFI Strategic US ETF in the 2nd quarter worth about $208,000. Finally, Betterment LLC acquired a new stake in Invesco RAFI Strategic US ETF in the 2nd quarter worth about $214,000.

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.