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

Invesco RAFI Strategic US ETF (NASDAQ:IUS) saw unusually-high trading volume on Wednesday . Approximately 35,038 shares were traded during mid-day 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 Down 0.3%

The firm has a market capitalization of $946.74 million, a price-to-earnings ratio of 18.38 and a beta of 0.87. The firm has a 50 day moving average price of $66.63 and a two-hundred day moving average price of $62.90.

Invesco RAFI Strategic US ETF Announces Dividend

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

Hedge Funds Weigh In On Invesco RAFI Strategic US ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Flagship Harbor Advisors LLC acquired a new stake in shares of Invesco RAFI Strategic US ETF in the fourth quarter valued at about $25,000. US Bancorp DE purchased a new stake in Invesco RAFI Strategic US ETF during the 3rd quarter worth $41,000. Hughes Financial Services LLC boosted its position in Invesco RAFI Strategic US ETF by 58.1% in the 4th quarter. Hughes Financial Services LLC now owns 2,553 shares of the company’s stock valued at $146,000 after buying an additional 938 shares during the last quarter. Corient Private Wealth LLC acquired a new stake in shares of Invesco RAFI Strategic US ETF during the second quarter valued at about $208,000. Finally, Betterment LLC purchased a new stake in shares of Invesco RAFI Strategic US ETF during the second quarter worth about $214,000.

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.