Invesco RAFI Strategic US ETF (NASDAQ:IUS) Sets New 1-Year High – Still a Buy?

Invesco RAFI Strategic US ETF (NASDAQ:IUS) hit a new 52-week high during trading on Tuesday . The stock traded as high as $50.86 and last traded at $50.84, with a volume of 4837 shares traded. The stock had previously closed at $50.83.

Invesco RAFI Strategic US ETF Stock Performance

The company’s 50-day moving average price is $49.09 and its 200 day moving average price is $47.82. The stock has a market capitalization of $592.37 million, a PE ratio of 19.85 and a beta of 0.96.

Invesco RAFI Strategic US ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were paid 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 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date was Monday, September 23rd.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in IUS. Bridge Advisory LLC increased its stake in shares of Invesco RAFI Strategic US ETF by 0.3% in the 3rd quarter. Bridge Advisory LLC now owns 110,771 shares of the company’s stock worth $5,572,000 after acquiring an additional 348 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in shares of Invesco RAFI Strategic US ETF by 1.5% during the first quarter. Commonwealth Equity Services LLC now owns 28,116 shares of the company’s stock valued at $1,334,000 after purchasing an additional 404 shares in the last quarter. Dynamic Advisor Solutions LLC lifted its holdings in shares of Invesco RAFI Strategic US ETF by 19.4% during the third quarter. Dynamic Advisor Solutions LLC now owns 5,080 shares of the company’s stock valued at $256,000 after purchasing an additional 827 shares during the last quarter. CWM LLC boosted its position in shares of Invesco RAFI Strategic US ETF by 49.7% in the 3rd quarter. CWM LLC now owns 2,827 shares of the company’s stock worth $142,000 after purchasing an additional 938 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its stake in shares of Invesco RAFI Strategic US ETF by 0.8% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 249,391 shares of the company’s stock worth $11,829,000 after buying an additional 1,859 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.