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

Shares of Invesco RAFI Strategic US ETF (NASDAQ:IUS) saw 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 Stock Performance

The company has a market cap of $833.07 million, a PE ratio of 18.38 and a beta of 0.87. The company’s 50 day moving average price is $64.46 and its 200-day moving average price is $60.88.

Invesco RAFI Strategic US ETF Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were issued a dividend of $0.2054 per share. 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

Several hedge funds have recently made changes to their positions in IUS. Capital Developers LLC bought a new position in Invesco RAFI Strategic US ETF in the 4th quarter worth approximately $1,592,000. CWM LLC raised its holdings in Invesco RAFI Strategic US ETF by 6.8% during the 4th quarter. CWM LLC now owns 667,862 shares of the company’s stock valued at $38,175,000 after acquiring an additional 42,278 shares during the period. PFG Advisors lifted its position in shares of Invesco RAFI Strategic US ETF by 14.7% during the fourth quarter. PFG Advisors now owns 108,036 shares of the company’s stock worth $6,175,000 after acquiring an additional 13,823 shares in the last quarter. Foguth Wealth Management LLC. purchased a new stake in shares of Invesco RAFI Strategic US ETF during the fourth quarter worth $3,013,000. Finally, Berkeley Inc boosted its holdings in shares of Invesco RAFI Strategic US ETF by 38.2% in the fourth quarter. Berkeley Inc now owns 160,885 shares of the company’s stock worth $9,196,000 after acquiring an additional 44,479 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.