Invesco RAFI Strategic US ETF (NASDAQ:IUS) Reaches New 52-Week High at $47.75

Invesco RAFI Strategic US ETF (NASDAQ:IUS)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $47.75 and last traded at $47.75, with a volume of 1298 shares trading hands. The stock had previously closed at $47.52.

Invesco RAFI Strategic US ETF Stock Performance

The firm has a market cap of $536.82 million, a price-to-earnings ratio of 19.85 and a beta of 0.96. The stock’s 50 day simple moving average is $46.60 and its 200-day simple moving average is $45.29.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Anchor Investment Management LLC acquired a new stake in shares of Invesco RAFI Strategic US ETF in the fourth quarter worth $41,000. Principal Securities Inc. acquired a new stake in shares of Invesco RAFI Strategic US ETF in the fourth quarter worth $43,000. Centaurus Financial Inc. acquired a new stake in shares of Invesco RAFI Strategic US ETF in the fourth quarter worth $103,000. Advisors Preferred LLC acquired a new stake in shares of Invesco RAFI Strategic US ETF in the first quarter worth $193,000. Finally, Global Retirement Partners LLC increased its stake in shares of Invesco RAFI Strategic US ETF by 154.6% in the fourth quarter. Global Retirement Partners LLC now owns 4,198 shares of the company’s stock worth $181,000 after acquiring an additional 2,549 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.