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

Shares of Invesco RAFI Strategic US ETF (NASDAQ:IUS) reached a new 52-week high during trading on Thursday . The company traded as high as $66.50 and last traded at $66.50, with a volume of 1698 shares. The stock had previously closed at $65.58.

Invesco RAFI Strategic US ETF Price Performance

The company has a market capitalization of $893.75 million, a price-to-earnings ratio of 18.38 and a beta of 0.87. The firm’s 50-day simple moving average is $64.75 and its two-hundred day simple moving average is $61.04.

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 paid a $0.2054 dividend. This represents a $0.82 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Monday, June 22nd.

Institutional Trading of Invesco RAFI Strategic US ETF

A number of institutional investors have recently bought and sold shares of IUS. Flagship Harbor Advisors LLC purchased a new position in shares of Invesco RAFI Strategic US ETF during the 4th quarter worth approximately $25,000. US Bancorp DE purchased a new stake in shares of Invesco RAFI Strategic US ETF in the third quarter valued at $41,000. Hughes Financial Services LLC boosted its stake in shares of Invesco RAFI Strategic US ETF by 58.1% during the fourth quarter. Hughes Financial Services LLC now owns 2,553 shares of the company’s stock valued at $146,000 after acquiring an additional 938 shares during the last quarter. Corient Private Wealth LLC acquired a new stake in shares of Invesco RAFI Strategic US ETF during the second quarter valued at $208,000. Finally, Betterment LLC purchased a new stake in Invesco RAFI Strategic US ETF during 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.