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

Shares of Invesco RAFI Strategic US ETF (NASDAQ:IUS) hit a new 52-week high on Thursday . The company traded as high as $65.61 and last traded at $65.51, with a volume of 49228 shares traded. The stock had previously closed at $65.36.

Invesco RAFI Strategic US ETF Stock Performance

The stock has a market capitalization of $827.39 million, a P/E ratio of 18.38 and a beta of 0.87. The stock has a 50-day moving average price of $61.32 and a two-hundred day moving average price of $59.37.

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 paid a $0.2147 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Monday, March 23rd. This is a boost from Invesco RAFI Strategic US ETF’s previous quarterly dividend of $0.21.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Narus Financial Partners LLC lifted its stake in shares of Invesco RAFI Strategic US ETF by 2.5% in the 4th 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 period. Principal Securities Inc. lifted its stake in shares of Invesco RAFI Strategic US ETF by 4.9% in the 4th 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 period. Prospera Financial Services Inc lifted its stake in shares of Invesco RAFI Strategic US ETF by 4.3% in the 3rd 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 period. Breakwater Capital Group lifted its stake in shares of 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 valued at $1,476,000 after purchasing an additional 318 shares during the period. Finally, Dynamic Advisor Solutions LLC lifted its stake in shares of Invesco RAFI Strategic US ETF by 8.4% in the 4th 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 period.

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.