Invesco RAFI Strategic US ETF (NASDAQ:IUS) Hits New 52-Week High – Time to Buy?

Shares of Invesco RAFI Strategic US ETF (NASDAQ:IUS) hit a new 52-week high during trading on Monday . The company traded as high as $52.38 and last traded at $52.18, with a volume of 5943 shares traded. The stock had previously closed at $52.31.

Invesco RAFI Strategic US ETF Stock Down 0.1 %

The stock has a market cap of $616.43 million, a P/E ratio of 19.85 and a beta of 0.96. The company’s 50 day moving average price is $50.63 and its two-hundred day moving average price is $48.90.

Invesco RAFI Strategic US ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were given a dividend of $0.207 per share. The ex-dividend date of this dividend was Monday, September 23rd. This is a positive change from Invesco RAFI Strategic US ETF’s previous quarterly dividend of $0.18. This represents a $0.83 dividend on an annualized basis and a yield of 1.58%.

Hedge Funds Weigh In On Invesco RAFI Strategic US ETF

Several institutional investors have recently made changes to their positions in IUS. World Investment Advisors LLC purchased a new stake in Invesco RAFI Strategic US ETF in the third quarter worth about $152,410,000. LPL Financial LLC raised its holdings in shares of Invesco RAFI Strategic US ETF by 35.8% in the 2nd quarter. LPL Financial LLC now owns 824,299 shares of the company’s stock valued at $39,097,000 after purchasing an additional 217,384 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Invesco RAFI Strategic US ETF by 413.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 250,548 shares of the company’s stock worth $11,883,000 after purchasing an additional 201,709 shares during the period. Intelligence Driven Advisers LLC lifted its position in shares of Invesco RAFI Strategic US ETF by 52.1% in the 2nd quarter. Intelligence Driven Advisers LLC now owns 360,471 shares of the company’s stock worth $17,097,000 after purchasing an additional 123,440 shares during the period. Finally, Bridge Advisory LLC bought a new position in shares of Invesco RAFI Strategic US ETF during the second quarter valued at approximately $5,237,000.

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.