Invesco RAFI Strategic US ETF (NASDAQ:IUS) Stock Price Up 0.4% – Time to Buy?

Invesco RAFI Strategic US ETF (NASDAQ:IUS) traded up 0.4% during trading on Monday. The stock traded as high as $69.78 and last traded at $69.75. Approximately 60,941 shares traded hands during mid-day trading, an increase of 14% from the average daily volume of 53,324 shares. The stock had previously closed at $69.44.

Invesco RAFI Strategic US ETF Trading Up 0.4%

The stock has a market capitalization of $985.57 million, a price-to-earnings ratio of 18.38 and a beta of 0.87. The business has a 50 day simple moving average of $69.33 and a 200-day simple moving average of $65.93.

Invesco RAFI Strategic US ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Monday, September 21st were issued a $0.2284 dividend. This is a positive change 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 dividend yield of 1.3%.

Institutional Trading of Invesco RAFI Strategic US ETF

A number of hedge funds have recently bought and sold shares of the company. First PREMIER Bank acquired a new stake in shares of Invesco RAFI Strategic US ETF in the second quarter worth $41,000. Independent Financial Group LLC bought a new stake in shares of Invesco RAFI Strategic US ETF during the first quarter valued at approximately $251,000. Royal Bank of Canada increased its stake in shares of Invesco RAFI Strategic US ETF by 60.3% in the 1st quarter. Royal Bank of Canada now owns 11,430 shares of the company’s stock valued at $662,000 after buying an additional 4,299 shares during the period. RVW Wealth LLC lifted its position in Invesco RAFI Strategic US ETF by 3.9% during the 2nd quarter. RVW Wealth LLC now owns 14,024 shares of the company’s stock valued at $920,000 after purchasing an additional 527 shares during the period. Finally, Avant Capital LLC bought a new position in Invesco RAFI Strategic US ETF in the second quarter valued at approximately $1,000,000.

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.