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

Invesco RAFI Strategic US ETF (NASDAQ:IUS) shares saw unusually-strong trading volume on Wednesday . Approximately 35,038 shares were traded during trading, a decline of 36% from the previous session’s volume of 54,423 shares.The stock last traded at $69.51 and had previously closed at $69.80.

Invesco RAFI Strategic US ETF Trading Up 0.6%

The stock has a market cap of $954.24 million, a P/E ratio of 18.38 and a beta of 0.87. The business’s fifty day simple moving average is $66.78 and its 200 day simple moving average is $63.05.

Invesco RAFI Strategic US ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were given a dividend of $0.2054 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Monday, June 22nd.

Institutional Trading of Invesco RAFI Strategic US ETF

A number of hedge funds and other institutional investors have recently modified their holdings of IUS. Goldman Sachs Group Inc. bought a new position in Invesco RAFI Strategic US ETF in the 1st quarter worth approximately $11,162,000. Betterment LLC bought a new position in Invesco RAFI Strategic US ETF in the 2nd quarter valued at $214,000. McIlrath & Eck LLC boosted its position in 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 valued at $6,654,000 after buying an additional 7,922 shares during the last quarter. MML Investors Services LLC increased its stake in shares of Invesco RAFI Strategic US ETF by 29.2% in the 2nd quarter. MML Investors Services LLC now owns 122,507 shares of the company’s stock valued at $6,309,000 after buying an additional 27,667 shares during the period. Finally, Orion Porfolio Solutions LLC increased its stake in shares of Invesco RAFI Strategic US ETF by 372.8% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 89,882 shares of the company’s stock valued at $4,629,000 after buying 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.