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

Invesco RAFI Strategic US ETF (NASDAQ:IUS) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $57.84 and last traded at $57.71, with a volume of 28668 shares trading hands. The stock had previously closed at $57.09.

Invesco RAFI Strategic US ETF Stock Down 0.7%

The stock has a market capitalization of $701.74 million, a PE ratio of 18.38 and a beta of 0.93. The stock has a fifty day moving average of $56.12 and a 200-day moving average of $53.79.

Invesco RAFI Strategic US ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Monday, September 22nd were given a dividend of $0.2136 per share. This is a boost from Invesco RAFI Strategic US ETF’s previous quarterly dividend of $0.21. This represents a $0.85 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Monday, September 22nd.

Institutional Investors Weigh In On Invesco RAFI Strategic US ETF

Large investors have recently modified their holdings of the company. Prospera Financial Services Inc lifted its position in shares of Invesco RAFI Strategic US ETF by 4.3% during the 3rd quarter. Prospera Financial Services Inc now owns 7,457 shares of the company’s stock worth $412,000 after purchasing an additional 310 shares during the last quarter. Stratos Wealth Partners LTD. raised its stake in Invesco RAFI Strategic US ETF by 5.8% in the second quarter. Stratos Wealth Partners LTD. now owns 7,428 shares of the company’s stock valued at $383,000 after buying an additional 406 shares in the last quarter. Highline Wealth Partners LLC purchased a new stake in Invesco RAFI Strategic US ETF during the 2nd quarter worth about $25,000. IFG Advisory LLC boosted its position in shares of Invesco RAFI Strategic US ETF by 0.5% during the 2nd quarter. IFG Advisory LLC now owns 120,660 shares of the company’s stock worth $6,214,000 after acquiring an additional 579 shares in the last quarter. Finally, US Bancorp DE acquired a new position in shares of Invesco RAFI Strategic US ETF during the 3rd quarter worth about $41,000.

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.