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

by · The Markets Daily

Invesco RAFI Strategic US ETF (NASDAQ:IUS – Get Free Report) hit a new 52-week high on Thursday . The company traded as high as $59.37 and last traded at $59.2960, with a volume of 1953 shares. The stock had previously closed at $58.98.

Invesco RAFI Strategic US ETF Price Performance

The firm has a market capitalization of $719.87 million, a P/E ratio of 18.38 and a beta of 0.93. The company’s 50 day moving average price is $57.36 and its 200 day moving average price is $55.24.

Invesco RAFI Strategic US ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were given a $0.2108 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Monday, December 22nd.

Hedge Funds Weigh In On Invesco RAFI Strategic US ETF

Several hedge funds have recently added to or reduced their stakes in the company. Highline Wealth Partners LLC bought a new position in Invesco RAFI Strategic US ETF during the 2nd quarter worth approximately $25,000. Flagship Harbor Advisors LLC acquired a new stake in Invesco RAFI Strategic US ETF in the fourth quarter worth $25,000. US Bancorp DE bought a new position in shares of Invesco RAFI Strategic US ETF during the third quarter worth $41,000. Root Financial Partners LLC acquired a new position in shares of Invesco RAFI Strategic US ETF in the 3rd quarter valued at $60,000. Finally, Corient Private Wealth LLC bought a new stake in shares of Invesco RAFI Strategic US ETF in the 2nd quarter valued at $208,000.

About Invesco RAFI Strategic US ETF

(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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