Invesco RAFI Strategic US ETF (NASDAQ:IUS) Sees Strong Trading Volume – Time to Buy?

Shares of Invesco RAFI Strategic US ETF (NASDAQ:IUS) saw an uptick in trading volume on Friday . 131,614 shares were traded during mid-day trading, an increase of 188% from the previous session’s volume of 45,707 shares.The stock last traded at $57.00 and had previously closed at $57.60.

Invesco RAFI Strategic US ETF Stock Performance

The stock has a market cap of $695.40 million, a PE ratio of 18.38 and a beta of 0.93. The stock has a fifty day moving average price of $59.42 and a 200 day moving average price of $57.39.

Invesco RAFI Strategic US ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Monday, March 23rd will be paid a dividend of $0.2147 per share. The ex-dividend date of this dividend is Monday, March 23rd. This is a positive change from Invesco RAFI Strategic US ETF’s previous quarterly dividend of $0.21. This represents a $0.86 annualized dividend and a yield of 1.5%.

Institutional Investors Weigh In On Invesco RAFI Strategic US ETF

Several hedge funds and other institutional investors have recently made changes to their positions in IUS. Narus Financial Partners LLC boosted its stake in shares of Invesco RAFI Strategic US ETF by 2.5% during the 4th quarter. Narus Financial Partners LLC now owns 8,247 shares of the company’s stock worth $471,000 after purchasing an additional 201 shares during the period. Principal Securities Inc. lifted 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 worth $257,000 after purchasing an additional 210 shares during the last quarter. Prospera Financial Services Inc boosted its position in shares of Invesco RAFI Strategic US ETF by 4.3% during the third quarter. Prospera Financial Services Inc now owns 7,457 shares of the company’s stock valued at $412,000 after buying an additional 310 shares during the period. Dynamic Advisor Solutions LLC boosted its position in shares of Invesco RAFI Strategic US ETF by 8.4% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 4,202 shares of the company’s stock valued at $240,000 after buying an additional 325 shares during the period. Finally, Sigma Planning Corp grew its stake in shares of Invesco RAFI Strategic US ETF by 3.6% during the fourth quarter. Sigma Planning Corp now owns 11,321 shares of the company’s stock valued at $647,000 after buying an additional 391 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.