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

Invesco RAFI Strategic US ETF (NASDAQ:IUS) shares saw an uptick in trading volume on Monday . 491,985 shares traded hands during mid-day trading, an increase of 899% from the previous session’s volume of 49,242 shares.The stock last traded at $61.65 and had previously closed at $61.68.

Invesco RAFI Strategic US ETF Stock Down 0.1%

The firm’s 50-day moving average price is $59.38 and its 200 day moving average price is $57.91. The company has a market capitalization of $745.60 million, a P/E ratio of 18.38 and a beta of 0.87.

Invesco RAFI Strategic US ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a dividend of $0.2147 per share. This is an increase from Invesco RAFI Strategic US ETF’s previous quarterly dividend of $0.21. The ex-dividend date was Monday, March 23rd. This represents a $0.86 dividend on an annualized basis and a yield of 1.4%.

Hedge Funds Weigh In On Invesco RAFI Strategic US ETF

A number of hedge funds have recently added to or reduced their stakes in IUS. Flagship Harbor Advisors LLC acquired a new position in Invesco RAFI Strategic US ETF during the 4th quarter valued at about $25,000. US Bancorp DE acquired a new position in Invesco RAFI Strategic US ETF during the 3rd quarter valued at about $41,000. Root Financial Partners LLC acquired a new position in Invesco RAFI Strategic US ETF during the 3rd quarter valued at about $60,000. Hughes Financial Services LLC boosted its stake in Invesco RAFI Strategic US ETF by 58.1% during the 4th quarter. Hughes Financial Services LLC now owns 2,553 shares of the company’s stock valued at $146,000 after purchasing an additional 938 shares during the last quarter. Finally, Corient Private Wealth LLC acquired a new position in Invesco RAFI Strategic US ETF during the 2nd quarter valued at about $208,000.

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.