Invesco RAFI Strategic US ETF (NASDAQ:IUS) Sees Large Volume Increase – Should You Buy?

Invesco RAFI Strategic US ETF (NASDAQ:IUS) shares saw unusually-strong trading volume on Wednesday . 170,041 shares were traded during trading, an increase of 216% from the previous session’s volume of 53,814 shares.The stock last traded at $65.97 and had previously closed at $65.58.

Invesco RAFI Strategic US ETF Price Performance

The firm’s fifty day moving average is $64.65 and its two-hundred day moving average is $61.00. The firm has a market cap of $893.75 million, a price-to-earnings ratio of 18.38 and a beta of 0.87.

Invesco RAFI Strategic US ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were given a $0.2054 dividend. This represents a $0.82 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Monday, June 22nd.

Institutional Trading of Invesco RAFI Strategic US ETF

A number of hedge funds have recently bought and sold shares of IUS. Goldman Sachs Group Inc. acquired a new position in shares of Invesco RAFI Strategic US ETF during the first quarter valued at about $11,162,000. Betterment LLC acquired a new position in Invesco RAFI Strategic US ETF in the 2nd quarter valued at approximately $214,000. McIlrath & Eck LLC lifted its position in shares of Invesco RAFI Strategic US ETF by 6.5% in the 2nd quarter. McIlrath & Eck LLC now owns 129,200 shares of the company’s stock worth $6,654,000 after acquiring an additional 7,922 shares during the period. MML Investors Services LLC grew its holdings in shares of Invesco RAFI Strategic US ETF by 29.2% during the 2nd quarter. MML Investors Services LLC now owns 122,507 shares of the company’s stock worth $6,309,000 after purchasing an additional 27,667 shares in the last quarter. Finally, Orion Porfolio Solutions LLC increased its position in shares of Invesco RAFI Strategic US ETF by 372.8% during the second quarter. Orion Porfolio Solutions LLC now owns 89,882 shares of the company’s stock valued at $4,629,000 after purchasing an additional 70,871 shares during the period.

Invesco RAFI Strategic US ETF Company Profile

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.