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

Shares of Invesco RAFI Strategic US ETF (NASDAQ:IUS) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $52.38 and last traded at $52.18, with a volume of 5943 shares trading hands. The stock had previously closed at $52.31.

Invesco RAFI Strategic US ETF Price Performance

The stock has a 50-day moving average of $50.72 and a 200-day moving average of $48.97. The firm has a market cap of $615.84 million, a price-to-earnings ratio of 19.85 and a beta of 0.96.

Invesco RAFI Strategic US ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were given a $0.207 dividend. The ex-dividend date was Monday, September 23rd. This represents a $0.83 dividend on an annualized basis and a dividend yield of 1.59%. This is a boost from Invesco RAFI Strategic US ETF’s previous quarterly dividend of $0.18.

Institutional Investors Weigh In On Invesco RAFI Strategic US ETF

A number of large investors have recently bought and sold shares of IUS. Sanctuary Advisors LLC acquired a new stake in shares of Invesco RAFI Strategic US ETF in the 2nd quarter valued at approximately $584,000. Cetera Investment Advisers increased its holdings in shares of Invesco RAFI Strategic US ETF by 74.4% during the second quarter. Cetera Investment Advisers now owns 36,827 shares of the company’s stock worth $1,747,000 after buying an additional 15,705 shares in the last quarter. Bridge Advisory LLC lifted its stake in shares of Invesco RAFI Strategic US ETF by 0.3% in the 3rd quarter. Bridge Advisory LLC now owns 110,771 shares of the company’s stock valued at $5,572,000 after acquiring an additional 348 shares during the last quarter. Thoroughbred Financial Services LLC acquired a new stake in shares of Invesco RAFI Strategic US ETF during the 2nd quarter valued at $252,000. Finally, Envestnet Asset Management Inc. grew its position in Invesco RAFI Strategic US ETF by 46.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 102,018 shares of the company’s stock worth $4,839,000 after acquiring an additional 32,208 shares during the last quarter.

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.