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

Invesco RAFI Strategic US ETF (NASDAQ:IUS) shares hit a new 52-week high on Monday . The stock traded as high as $64.48 and last traded at $64.38, with a volume of 5966 shares changing hands. The stock had previously closed at $63.56.

Invesco RAFI Strategic US ETF Price Performance

The company has a market cap of $811.10 million, a P/E ratio of 18.38 and a beta of 0.87. The company’s 50-day moving average is $60.13 and its two-hundred day moving average is $58.70.

Invesco RAFI Strategic US ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were given a dividend of $0.2147 per share. This represents a $0.86 annualized dividend and a dividend yield of 1.3%. This is an increase from Invesco RAFI Strategic US ETF’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Monday, March 23rd.

Institutional Investors Weigh In On Invesco RAFI Strategic US ETF

Several institutional investors and hedge funds have recently made changes to their positions in IUS. Narus Financial Partners LLC grew its position in 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 worth $471,000 after purchasing an additional 201 shares during the period. Principal Securities Inc. grew its position in 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 worth $257,000 after purchasing an additional 210 shares during the period. Prospera Financial Services Inc grew its position in 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 worth $412,000 after purchasing an additional 310 shares during the period. Breakwater Capital Group grew its position 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 purchasing an additional 318 shares during the period. Finally, Dynamic Advisor Solutions LLC grew its position in 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 worth $240,000 after purchasing an additional 325 shares during the period.

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.