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

Shares of Invesco RAFI Strategic US ETF (NASDAQ:IUS) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $50.36 and last traded at $50.31, with a volume of 10053 shares changing hands. The stock had previously closed at $49.96.

Invesco RAFI Strategic US ETF Stock Up 0.8 %

The stock has a market cap of $589.21 million, a P/E ratio of 19.85 and a beta of 0.96. The stock has a fifty day simple moving average of $48.86 and a 200-day simple moving average of $47.73.

Invesco RAFI Strategic US ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were issued a $0.207 dividend. 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 dividend yield of 1.64%. The ex-dividend date of this dividend was Monday, September 23rd.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. CWM LLC bought a new position in shares of Invesco RAFI Strategic US ETF during the second quarter worth about $90,000. Centaurus Financial Inc. bought a new position in shares of Invesco RAFI Strategic US ETF during the 4th quarter worth approximately $103,000. Advisors Preferred LLC bought a new position in shares of Invesco RAFI Strategic US ETF during the 1st quarter worth approximately $193,000. Davies Financial Advisors Inc. acquired a new stake in shares of Invesco RAFI Strategic US ETF in the second quarter valued at approximately $239,000. Finally, Dynamic Advisor Solutions LLC lifted its position in shares of Invesco RAFI Strategic US ETF by 19.4% in the third quarter. Dynamic Advisor Solutions LLC now owns 5,080 shares of the company’s stock worth $256,000 after purchasing an additional 827 shares in 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.