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

Invesco RAFI Strategic US ETF (NASDAQ:IUSGet Free Report)’s stock price 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 50 day simple moving average of $61.32 and a 200-day simple moving average of $59.37. The firm has a market cap of $827.39 million, a PE ratio of 18.38 and a beta of 0.87.

Invesco RAFI Strategic US ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a dividend of $0.2147 per share. 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 yield of 1.3%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Flagship Harbor Advisors LLC purchased a new position in Invesco RAFI Strategic US ETF during the fourth quarter valued at $25,000. US Bancorp DE purchased a new position in Invesco RAFI Strategic US ETF during the third quarter valued at $41,000. Hughes Financial Services LLC raised its stake in Invesco RAFI Strategic US ETF by 58.1% during the fourth quarter. Hughes Financial Services LLC now owns 2,553 shares of the company’s stock valued at $146,000 after buying an additional 938 shares during the last quarter. Corient Private Wealth LLC purchased a new position in Invesco RAFI Strategic US ETF during the second quarter valued at $208,000. Finally, Betterment LLC bought a new stake in shares of Invesco RAFI Strategic US ETF in the 2nd quarter worth $214,000.

About Invesco RAFI Strategic US ETF

(Get Free Report)

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.

Further Reading

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