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

Posted by Caroline Horne on Nov 25th, 2024

Invesco RAFI Strategic US ETF (NASDAQ:IUS – Get Free Report) shares reached a new 52-week high on Monday . The stock traded as high as $52.11 and last traded at $52.11, with a volume of 1564 shares trading hands. The stock had previously closed at $51.77.

Invesco RAFI Strategic US ETF Stock Performance

The stock has a market cap of $615.37 million, a price-to-earnings ratio of 19.85 and a beta of 0.96. The firm’s 50-day simple moving average is $50.38 and its two-hundred day simple moving average is $48.71.

Invesco RAFI Strategic US ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were given a $0.207 dividend. This represents a $0.83 annualized dividend and a yield of 1.59%. The ex-dividend date was Monday, September 23rd. This is a boost from Invesco RAFI Strategic US ETF’s previous quarterly dividend of $0.18.

Institutional Investors Weigh In On Invesco RAFI Strategic US ETF

Several institutional investors have recently modified their holdings of IUS. FMR LLC grew its position in shares of Invesco RAFI Strategic US ETF by 46.0% during the 3rd quarter. FMR LLC now owns 962 shares of the company’s stock worth $48,000 after buying an additional 303 shares during the period. CWM LLC acquired a new stake in shares of Invesco RAFI Strategic US ETF during the 2nd quarter worth approximately $90,000. Sigma Planning Corp acquired a new stake in shares of Invesco RAFI Strategic US ETF during the 3rd quarter worth approximately $205,000. AllGen Financial Advisors Inc. acquired a new stake in shares of Invesco RAFI Strategic US ETF during the 3rd quarter worth approximately $235,000. Finally, Davies Financial Advisors Inc. acquired a new stake in shares of Invesco RAFI Strategic US ETF during the 2nd quarter worth approximately $239,000.

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.