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

Invesco RAFI Strategic US ETF (NASDAQ:IUS) shares hit a new 52-week high during trading on Friday. The company traded as high as $70.82 and last traded at $70.7880, with a volume of 2,340 shares trading hands. The stock had previously closed at $70.50.

Invesco RAFI Strategic US ETF Price Performance

The company has a market cap of $998.14 million, a price-to-earnings ratio of 18.38 and a beta of 0.87. The stock has a 50-day moving average price of $69.39 and a 200 day moving average price of $66.19.

Invesco RAFI Strategic US ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Monday, September 21st were issued a dividend of $0.2284 per share. The ex-dividend date of this dividend was Monday, September 21st. This represents a $0.91 annualized dividend and a yield of 1.3%. This is a positive change from Invesco RAFI Strategic US ETF’s previous quarterly dividend of $0.2054.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Fermata Advisors LLC grew its holdings in shares of Invesco RAFI Strategic US ETF by 3.2% during the third quarter. Fermata Advisors LLC now owns 7,636 shares of the company’s stock worth $518,000 after buying an additional 239 shares in the last quarter. Breakwater Capital Group lifted its holdings in Invesco RAFI Strategic US ETF by 1.3% in the 1st quarter. Breakwater Capital Group now owns 25,478 shares of the company’s stock worth $1,476,000 after buying an additional 318 shares in the last quarter. RVW Wealth LLC boosted its stake in shares of 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 valued at $920,000 after buying an additional 527 shares during the last quarter. First PREMIER Bank acquired a new position in Invesco RAFI Strategic US ETF in the second quarter worth about $41,000. Finally, Professional Financial Advisors LLC increased its stake in Invesco RAFI Strategic US ETF by 1.7% during the second quarter. Professional Financial Advisors LLC now owns 75,825 shares of the company’s stock valued at $4,973,000 after purchasing an additional 1,268 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.