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

Invesco RAFI Strategic US ETF (NASDAQ:IUS) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $66.36 and last traded at $66.35, with a volume of 4798 shares. The stock had previously closed at $65.72.

Invesco RAFI Strategic US ETF Price Performance

The stock has a market capitalization of $839.39 million, a PE ratio of 18.38 and a beta of 0.87. The business’s fifty day moving average price is $63.14 and its two-hundred day moving average price is $60.19.

Invesco RAFI Strategic US ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were issued a dividend of $0.2147 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.3%. This is a boost from Invesco RAFI Strategic US ETF’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Monday, March 23rd.

Institutional Investors Weigh In On Invesco RAFI Strategic US ETF

A number of large investors have recently made changes to their positions in the stock. Narus Financial Partners LLC increased its stake in shares of Invesco RAFI Strategic US ETF by 2.5% in the fourth quarter. Narus Financial Partners LLC now owns 8,247 shares of the company’s stock worth $471,000 after acquiring an additional 201 shares during the period. Principal Securities Inc. increased its stake in shares of Invesco RAFI Strategic US ETF by 4.9% in the fourth quarter. Principal Securities Inc. now owns 4,503 shares of the company’s stock worth $257,000 after acquiring an additional 210 shares during the period. Prospera Financial Services Inc increased its stake in shares of Invesco RAFI Strategic US ETF by 4.3% in the third quarter. Prospera Financial Services Inc now owns 7,457 shares of the company’s stock worth $412,000 after acquiring an additional 310 shares during the period. Breakwater Capital Group increased its stake in shares of Invesco RAFI Strategic US ETF by 1.3% in the first quarter. Breakwater Capital Group now owns 25,478 shares of the company’s stock worth $1,476,000 after acquiring an additional 318 shares during the period. Finally, Dynamic Advisor Solutions LLC increased its stake in shares of Invesco RAFI Strategic US ETF by 8.4% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 4,202 shares of the company’s stock worth $240,000 after acquiring an additional 325 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.