Invesco RAFI Strategic US ETF (NASDAQ:IUS) Hits New 1-Year High – Still a Buy?

Invesco RAFI Strategic US ETF (NASDAQ:IUS)’s stock price reached a new 52-week high on Wednesday. The stock traded as high as $71.00 and last traded at $70.9650, with a volume of 202 shares changing hands. The stock had previously closed at $70.11.

Invesco RAFI Strategic US ETF Stock Up 1.6%

The firm has a market cap of $1.02 billion, a P/E ratio of 19.79 and a beta of 0.87. The business has a fifty day simple moving average of $69.56 and a 200-day simple moving average of $64.79.

Invesco RAFI Strategic US ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Monday, September 21st were given a $0.2284 dividend. This is a boost from Invesco RAFI Strategic US ETF’s previous quarterly dividend of $0.2054. The ex-dividend date of this dividend was Monday, September 21st. This represents a $0.91 annualized dividend and a yield of 1.3%.

Institutional Trading of Invesco RAFI Strategic US ETF

A number of institutional investors have recently made changes to their positions in IUS. First PREMIER Bank bought a new position in shares of Invesco RAFI Strategic US ETF in the 2nd quarter worth approximately $41,000. Pinnacle Wealth Planning Services Inc. purchased a new position in shares of Invesco RAFI Strategic US ETF in the third quarter worth approximately $46,000. Heritage Family Offices LLP purchased a new position in shares of Invesco RAFI Strategic US ETF in the third quarter worth approximately $92,000. Independent Financial Group LLC bought a new stake in Invesco RAFI Strategic US ETF during the first quarter valued at approximately $251,000. Finally, Parallel Advisors LLC bought a new stake in Invesco RAFI Strategic US ETF during the third quarter valued at approximately $456,000.

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.