Invesco RAFI Strategic US ETF (NASDAQ:IUS) Sets New 52-Week High – Time to Buy?

Invesco RAFI Strategic US ETF (NASDAQ:IUS) shares hit a new 52-week high on Wednesday . The stock traded as high as $50.36 and last traded at $50.31, with a volume of 10053 shares. The stock had previously closed at $49.96.

Invesco RAFI Strategic US ETF Price Performance

The firm’s 50-day moving average price is $48.93 and its 200 day moving average price is $47.76. The firm has a market capitalization of $590.73 million, a price-to-earnings ratio of 19.85 and a beta of 0.96.

Invesco RAFI Strategic US ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were given a $0.207 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This is a positive change from Invesco RAFI Strategic US ETF’s previous quarterly dividend of $0.18. This represents a $0.83 annualized dividend and a dividend yield of 1.64%.

Institutional Trading of Invesco RAFI Strategic US ETF

Several large investors have recently modified their holdings of IUS. Davies Financial Advisors Inc. boosted its position in Invesco RAFI Strategic US ETF by 220.1% during the third quarter. Davies Financial Advisors Inc. now owns 16,133 shares of the company’s stock worth $811,000 after acquiring an additional 11,093 shares during the last quarter. CWM LLC boosted its position in Invesco RAFI Strategic US ETF by 49.7% during the third quarter. CWM LLC now owns 2,827 shares of the company’s stock worth $142,000 after acquiring an additional 938 shares during the last quarter. Sovereign Financial Group Inc. acquired a new stake in Invesco RAFI Strategic US ETF during the third quarter worth approximately $1,321,000. Dynamic Advisor Solutions LLC raised its stake in 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 worth $256,000 after purchasing an additional 827 shares during the period. Finally, Bridge Advisory LLC raised its stake in Invesco RAFI Strategic US ETF by 0.3% during the third quarter. Bridge Advisory LLC now owns 110,771 shares of the company’s stock worth $5,572,000 after purchasing an additional 348 shares during the period.

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.