Invesco RAFI Strategic US ETF (NASDAQ:IUS) Reaches New 12-Month High – Should You Buy?

Invesco RAFI Strategic US ETF (NASDAQ:IUS – Get Free Report)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $67.63 and last traded at $67.63, with a volume of 1540 shares. The stock had previously closed at $67.27.

Invesco RAFI Strategic US ETF Price Performance

The company has a 50 day moving average price of $65.84 and a two-hundred day moving average price of $62.12. The stock has a market cap of $916.37 million, a PE ratio of 18.38 and a beta of 0.87.

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Invesco RAFI Strategic US ETF Announces Dividend

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

Hedge Funds Weigh In On Invesco RAFI Strategic US ETF

Several hedge funds and other institutional investors have recently bought and sold shares of IUS. Professional Financial Advisors LLC grew its stake in shares of Invesco RAFI Strategic US ETF by 1.7% in the second quarter. Professional Financial Advisors LLC now owns 75,825 shares of the company’s stock worth $4,973,000 after acquiring an additional 1,268 shares during the period. RVW Wealth LLC raised its holdings in shares of Invesco RAFI Strategic US ETF by 3.9% during the second quarter. RVW Wealth LLC now owns 14,024 shares of the company’s stock valued at $920,000 after purchasing an additional 527 shares during the last quarter. McIlrath & Eck LLC lifted its position in Invesco RAFI Strategic US ETF by 3.9% during the first quarter. McIlrath & Eck LLC now owns 155,035 shares of the company’s stock valued at $8,979,000 after purchasing an additional 5,798 shares during the period. Bank of America Corp DE lifted its position in Invesco RAFI Strategic US ETF by 4.2% during the first quarter. Bank of America Corp DE now owns 42,481 shares of the company’s stock valued at $2,460,000 after purchasing an additional 1,701 shares during the period. Finally, Royal Bank of Canada boosted its holdings in Invesco RAFI Strategic US ETF by 60.3% in the first quarter. Royal Bank of Canada now owns 11,430 shares of the company’s stock worth $662,000 after purchasing an additional 4,299 shares during the last quarter.

Invesco RAFI Strategic US ETF Company Profile

(Get Free Report)

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.

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