Invesco RAFI Strategic US ETF (NASDAQ:IUS) Shares Up 0.4% – Should You Buy?

Invesco RAFI Strategic US ETF (NASDAQ:IUS) was up 0.4% during mid-day trading on Monday. The company traded as high as $69.78 and last traded at $69.75. 60,941 shares traded hands during 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’s 50 day moving average is $69.33 and its two-hundred day moving average is $65.93. The stock has a market capitalization of $985.57 million, a price-to-earnings ratio of 18.38 and a beta of 0.87.

Invesco RAFI Strategic US ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Monday, September 21st were given a dividend of $0.2284 per share. This represents a $0.91 dividend on an annualized basis and a yield of 1.3%. 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.

Institutional Trading of Invesco RAFI Strategic US ETF

A number of institutional investors have recently modified their holdings of IUS. First PREMIER Bank bought a new position in Invesco RAFI Strategic US ETF in the 2nd quarter valued at about $41,000. Independent Financial Group LLC bought a new position in Invesco RAFI Strategic US ETF in the first quarter valued at about $251,000. Royal Bank of Canada raised its stake in Invesco RAFI Strategic US ETF by 60.3% during the first quarter. Royal Bank of Canada now owns 11,430 shares of the company’s stock worth $662,000 after acquiring an additional 4,299 shares in the last quarter. RVW Wealth LLC increased 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 worth $920,000 after purchasing an additional 527 shares in the last quarter. Finally, Avant Capital LLC acquired a new position in shares of Invesco RAFI Strategic US ETF during the second quarter worth $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.