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

Invesco RAFI Strategic US ETF (NASDAQ:IUS)’s share price hit a new 52-week high on Wednesday. The stock traded as high as $71.00 and last traded at $70.9650, with a volume of 202 shares traded. The stock had previously closed at $70.11.

Invesco RAFI Strategic US ETF Trading Up 1.6%

The company’s 50 day moving average price is $69.56 and its two-hundred day moving average price is $64.79. The firm has a market cap of $1.02 billion, a PE ratio of 19.79 and a beta of 0.87.

Invesco RAFI Strategic US ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Monday, September 21st were issued a $0.2284 dividend. The ex-dividend date of this dividend was Monday, September 21st. This represents a $0.91 dividend on an annualized basis and a yield of 1.3%. This is an increase from Invesco RAFI Strategic US ETF’s previous quarterly dividend of $0.2054.

Hedge Funds Weigh In On Invesco RAFI Strategic US ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. First PREMIER Bank purchased a new stake in Invesco RAFI Strategic US ETF in the second quarter worth about $41,000. Pinnacle Wealth Planning Services Inc. purchased a new position in shares of Invesco RAFI Strategic US ETF during the 3rd quarter valued at about $46,000. Heritage Family Offices LLP purchased a new position in shares of Invesco RAFI Strategic US ETF during the 3rd quarter valued at about $92,000. Independent Financial Group LLC purchased a new position in shares of Invesco RAFI Strategic US ETF during the 1st quarter valued at about $251,000. Finally, Parallel Advisors LLC bought a new position in shares of Invesco RAFI Strategic US ETF during the 3rd quarter valued at approximately $456,000.

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.