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

Invesco RAFI Strategic US ETF (NASDAQ:IUS) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $65.61 and last traded at $65.51, with a volume of 49228 shares trading hands. The stock had previously closed at $65.36.

Invesco RAFI Strategic US ETF Price Performance

The stock has a market cap of $830.04 million, a PE ratio of 18.38 and a beta of 0.87. The business has a fifty day moving average of $61.60 and a 200-day moving average of $59.49.

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 issued a $0.2147 dividend. The ex-dividend date was Monday, March 23rd. This is a positive change 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 dividend yield of 1.3%.

Institutional Trading of Invesco RAFI Strategic US ETF

A number of large investors have recently modified their holdings of the company. McIlrath & Eck LLC boosted its holdings in shares of Invesco RAFI Strategic US ETF by 3.9% in the first quarter. McIlrath & Eck LLC now owns 155,035 shares of the company’s stock valued at $8,979,000 after purchasing an additional 5,798 shares during the period. Bank of America Corp DE boosted its stake in shares of Invesco RAFI Strategic US ETF by 4.2% during the first quarter. Bank of America Corp DE now owns 42,481 shares of the company’s stock valued at $2,460,000 after purchasing an additional 1,701 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of Invesco RAFI Strategic US ETF by 60.3% during the first quarter. Royal Bank of Canada now owns 11,430 shares of the company’s stock valued at $662,000 after purchasing an additional 4,299 shares in the last quarter. Independent Financial Group LLC bought a new position in shares of Invesco RAFI Strategic US ETF during the first quarter valued at approximately $251,000. Finally, ARQ Wealth Advisors LLC boosted its stake in shares of Invesco RAFI Strategic US ETF by 3.3% during the first quarter. ARQ Wealth Advisors LLC now owns 203,325 shares of the company’s stock valued at $11,775,000 after purchasing an additional 6,533 shares in 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.