Invesco RAFI Strategic US ETF (NASDAQ:IUS) Reaches New 1-Year High – Still a Buy?

Invesco RAFI Strategic US ETF (NASDAQ:IUS)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $67.39 and last traded at $67.04, with a volume of 25183 shares traded. The stock had previously closed at $66.91.

Invesco RAFI Strategic US ETF Trading Up 0.2%

The company has a market capitalization of $897.00 million, a PE ratio of 18.38 and a beta of 0.87. The company has a fifty day simple moving average of $65.29 and a 200-day simple moving average of $61.47.

Invesco RAFI Strategic US ETF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors 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 dividend on an annualized basis and a dividend yield of 1.2%.

Institutional Investors Weigh In On Invesco RAFI Strategic US ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. purchased a new position in Invesco RAFI Strategic US ETF during the first quarter worth about $11,162,000. Betterment LLC purchased a new stake in shares of Invesco RAFI Strategic US ETF in the 2nd quarter valued at approximately $214,000. McIlrath & Eck LLC increased its holdings in shares of Invesco RAFI Strategic US ETF by 6.5% during the 2nd quarter. McIlrath & Eck LLC now owns 129,200 shares of the company’s stock worth $6,654,000 after buying an additional 7,922 shares during the last quarter. MML Investors Services LLC increased its holdings in shares of Invesco RAFI Strategic US ETF by 29.2% during the 2nd quarter. MML Investors Services LLC now owns 122,507 shares of the company’s stock worth $6,309,000 after buying an additional 27,667 shares during the last quarter. Finally, Orion Porfolio Solutions LLC raised its position in shares of Invesco RAFI Strategic US ETF by 372.8% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 89,882 shares of the company’s stock valued at $4,629,000 after buying an additional 70,871 shares during the period.

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.