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

Invesco RAFI Strategic US ETF (NASDAQ:IUS) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $69.25 and last traded at $69.25, with a volume of 3500 shares. The stock had previously closed at $67.96.

Invesco RAFI Strategic US ETF Price Performance

The stock has a market cap of $925.74 million, a price-to-earnings ratio of 18.38 and a beta of 0.87. The stock’s 50-day moving average is $66.10 and its 200 day moving average is $62.38.

Invesco RAFI Strategic US ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were paid a dividend of $0.2054 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Monday, June 22nd.

Institutional Trading of Invesco RAFI Strategic US ETF

Several hedge funds have recently modified their holdings of IUS. Rockefeller Capital Management L.P. boosted its stake in shares of Invesco RAFI Strategic US ETF by 11,234.5% in the fourth 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 in the last quarter. Goldman Sachs Group Inc. purchased a new position in Invesco RAFI Strategic US ETF in the first quarter worth $11,162,000. Orion Porfolio Solutions LLC lifted 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 period. Berkeley Inc lifted its holdings in Invesco RAFI Strategic US ETF by 38.2% in the fourth quarter. Berkeley Inc now owns 160,885 shares of the company’s stock valued at $9,196,000 after acquiring an additional 44,479 shares during the period. Finally, CWM LLC lifted its holdings in Invesco RAFI Strategic US ETF by 6.8% in the fourth quarter. CWM LLC now owns 667,862 shares of the company’s stock valued at $38,175,000 after acquiring an additional 42,278 shares during the period.

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.