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

Invesco RAFI Strategic US ETF (NASDAQ:IUS) reached a new 52-week high on Monday . The stock traded as high as $66.36 and last traded at $66.35, with a volume of 4798 shares changing hands. The stock had previously closed at $65.72.

Invesco RAFI Strategic US ETF Stock Down 0.6%

The firm has a 50-day moving average price of $63.45 and a two-hundred day moving average price of $60.32. The firm has a market cap of $832.82 million, a PE ratio of 18.38 and a beta of 0.87.

Invesco RAFI Strategic US ETF Increases Dividend

The firm 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. 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. This represents a $0.86 dividend on an annualized basis and a yield of 1.3%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Rockefeller Capital Management L.P. lifted its position in Invesco RAFI Strategic US ETF by 11,234.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 671,230 shares of the company’s stock worth $38,368,000 after buying an additional 665,308 shares in the last quarter. CWM LLC raised its holdings in shares of Invesco RAFI Strategic US ETF by 6.8% during the 4th quarter. CWM LLC now owns 667,862 shares of the company’s stock worth $38,175,000 after acquiring an additional 42,278 shares during the period. Intelligence Driven Advisers LLC boosted its position in shares of Invesco RAFI Strategic US ETF by 0.8% during the 4th quarter. Intelligence Driven Advisers LLC now owns 662,742 shares of the company’s stock valued at $37,883,000 after acquiring an additional 4,983 shares during the last quarter. Osaic Holdings Inc. grew its holdings in shares of Invesco RAFI Strategic US ETF by 2.4% in the fourth quarter. Osaic Holdings Inc. now owns 493,937 shares of the company’s stock valued at $28,235,000 after purchasing an additional 11,666 shares during the period. Finally, Kestra Advisory Services LLC increased its position in Invesco RAFI Strategic US ETF by 6.5% during the first quarter. Kestra Advisory Services LLC now owns 270,283 shares of the company’s stock worth $15,653,000 after purchasing an additional 16,427 shares during the last quarter.

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.