Invesco RAFI Strategic US ETF (NASDAQ:IUS) Reaches New 12-Month High – Should You Buy?

Invesco RAFI Strategic US ETF (NASDAQ:IUS)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $70.23 and last traded at $70.23, with a volume of 6335 shares. The stock had previously closed at $69.39.

Invesco RAFI Strategic US ETF Price Performance

The business has a 50 day moving average price of $67.25 and a 200 day moving average price of $63.41. The stock has a market capitalization of $945.38 million, a PE ratio of 18.38 and a beta of 0.87.

Invesco RAFI Strategic US ETF Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were paid a $0.2054 dividend. The ex-dividend date was Monday, June 22nd. This represents a $0.82 dividend on an annualized basis and a yield of 1.2%.

Institutional Trading of Invesco RAFI Strategic US ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the company. First PREMIER Bank purchased a new stake in shares of Invesco RAFI Strategic US ETF during the second quarter valued at approximately $41,000. US Bancorp DE purchased a new position in Invesco RAFI Strategic US ETF in the 3rd quarter worth approximately $41,000. Hughes Financial Services LLC raised its holdings in Invesco RAFI Strategic US ETF by 58.1% in the 4th quarter. Hughes Financial Services LLC now owns 2,553 shares of the company’s stock worth $146,000 after acquiring an additional 938 shares during the last quarter. Corient Private Wealth LLC bought a new position in Invesco RAFI Strategic US ETF in the 2nd quarter valued at approximately $208,000. Finally, Betterment LLC bought a new position in Invesco RAFI Strategic US ETF in the 2nd quarter valued at approximately $214,000.

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.