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 $66.36 and last traded at $66.35, with a volume of 4798 shares traded. The stock had previously closed at $65.72.

Invesco RAFI Strategic US ETF Stock Up 1.1%

The company has a fifty day moving average price of $63.14 and a 200-day moving average price of $60.19. The stock has a market capitalization of $839.39 million, a P/E ratio of 18.38 and a beta of 0.87.

Invesco RAFI Strategic US ETF Increases Dividend

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

Hedge Funds Weigh In On Invesco RAFI Strategic US ETF

Several institutional investors have recently bought and sold shares of the business. Narus Financial Partners LLC lifted its position in Invesco RAFI Strategic US ETF by 2.5% during the fourth quarter. Narus Financial Partners LLC now owns 8,247 shares of the company’s stock valued at $471,000 after purchasing an additional 201 shares during the last quarter. Principal Securities Inc. lifted its position in Invesco RAFI Strategic US ETF by 4.9% during the fourth quarter. Principal Securities Inc. now owns 4,503 shares of the company’s stock valued at $257,000 after purchasing an additional 210 shares during the last quarter. Prospera Financial Services Inc lifted its position in Invesco RAFI Strategic US ETF by 4.3% during the third quarter. Prospera Financial Services Inc now owns 7,457 shares of the company’s stock valued at $412,000 after purchasing an additional 310 shares during the last quarter. Breakwater Capital Group lifted its position in Invesco RAFI Strategic US ETF by 1.3% during the first quarter. Breakwater Capital Group now owns 25,478 shares of the company’s stock valued at $1,476,000 after purchasing an additional 318 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC lifted its position in Invesco RAFI Strategic US ETF by 8.4% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 4,202 shares of the company’s stock valued at $240,000 after purchasing an additional 325 shares during the last quarter.

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.