Invesco RAFI Strategic US ETF (NASDAQ:IUS) Hits New 52-Week High – Still a Buy?

Invesco RAFI Strategic US ETF (NASDAQ:IUS) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $61.97 and last traded at $61.46, with a volume of 42504 shares trading hands. The stock had previously closed at $61.62.

Invesco RAFI Strategic US ETF Price Performance

The firm has a market cap of $743.67 million, a P/E ratio of 18.38 and a beta of 0.87. The stock has a 50 day moving average of $59.42 and a 200 day moving average of $58.00.

Invesco RAFI Strategic US ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were paid a $0.2147 dividend. 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 1.4%. The ex-dividend date of this dividend was Monday, March 23rd.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Narus Financial Partners LLC increased its stake in Invesco RAFI Strategic US ETF by 2.5% in the fourth quarter. Narus Financial Partners LLC now owns 8,247 shares of the company’s stock valued at $471,000 after acquiring an additional 201 shares during the last quarter. Principal Securities Inc. increased its stake in Invesco RAFI Strategic US ETF by 4.9% in the fourth quarter. Principal Securities Inc. now owns 4,503 shares of the company’s stock valued at $257,000 after acquiring an additional 210 shares during the last quarter. Prospera Financial Services Inc increased its stake in Invesco RAFI Strategic US ETF by 4.3% in the third quarter. Prospera Financial Services Inc now owns 7,457 shares of the company’s stock valued at $412,000 after acquiring an additional 310 shares during the last quarter. Breakwater Capital Group increased its stake in Invesco RAFI Strategic US ETF by 1.3% in the first quarter. Breakwater Capital Group now owns 25,478 shares of the company’s stock valued at $1,476,000 after acquiring an additional 318 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC increased its stake in Invesco RAFI Strategic US ETF by 8.4% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 4,202 shares of the company’s stock valued at $240,000 after acquiring an additional 325 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.