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

Invesco RAFI Strategic US ETF (NASDAQ:IUS) shares reached a new 52-week high on Monday . The company traded as high as $52.38 and last traded at $52.18, with a volume of 5943 shares traded. The stock had previously closed at $52.31.

Invesco RAFI Strategic US ETF Stock Down 0.2 %

The stock has a market cap of $615.84 million, a P/E ratio of 19.85 and a beta of 0.96. The company’s 50 day moving average price is $50.72 and its 200-day moving average price is $48.97.

Invesco RAFI Strategic US ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were issued a dividend of $0.207 per share. The ex-dividend date was Monday, September 23rd. This is an increase from Invesco RAFI Strategic US ETF’s previous quarterly dividend of $0.18. This represents a $0.83 annualized dividend and a yield of 1.59%.

Institutional Trading of Invesco RAFI Strategic US ETF

Several institutional investors have recently added to or reduced their stakes in the stock. FMR LLC boosted its position in Invesco RAFI Strategic US ETF by 46.0% during the third quarter. FMR LLC now owns 962 shares of the company’s stock valued at $48,000 after acquiring an additional 303 shares during the last quarter. CWM LLC bought a new stake in shares of Invesco RAFI Strategic US ETF during the 2nd quarter valued at about $90,000. Sigma Planning Corp acquired a new stake in Invesco RAFI Strategic US ETF during the third quarter worth approximately $205,000. AllGen Financial Advisors Inc. bought a new stake in Invesco RAFI Strategic US ETF in the third quarter worth approximately $235,000. Finally, Davies Financial Advisors Inc. acquired a new position in Invesco RAFI Strategic US ETF in the second quarter valued at approximately $239,000.

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.