Invesco RAFI Strategic US ETF (NASDAQ:IUS) Sees Unusually-High Trading Volume – Here’s What Happened

Invesco RAFI Strategic US ETF (NASDAQ:IUS) shares saw unusually-strong trading volume on Monday . Approximately 61,155 shares changed hands during trading, a decline of 23% from the previous session’s volume of 78,961 shares.The stock last traded at $45.50 and had previously closed at $46.19.

Invesco RAFI Strategic US ETF Price Performance

The business’s 50-day moving average is $49.06 and its 200 day moving average is $50.20. The firm has a market capitalization of $563.35 million, a P/E ratio of 18.58 and a beta of 0.96.

Invesco RAFI Strategic US ETF Increases Dividend

The company also recently declared a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were issued a dividend of $0.2128 per share. The ex-dividend date of this dividend was Monday, March 24th. This is an increase from Invesco RAFI Strategic US ETF’s previous dividend of $0.20.

Hedge Funds Weigh In On Invesco RAFI Strategic US ETF

A number of institutional investors have recently modified their holdings of the business. FMR LLC grew its position in Invesco RAFI Strategic US ETF by 46.0% in the third quarter. FMR LLC now owns 962 shares of the company’s stock valued at $48,000 after acquiring an additional 303 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Invesco RAFI Strategic US ETF by 417,900.0% in the 4th quarter. Wells Fargo & Company MN now owns 4,180 shares of the company’s stock valued at $208,000 after purchasing an additional 4,179 shares in the last quarter. Sigma Planning Corp increased its position in Invesco RAFI Strategic US ETF by 5.8% during the 4th quarter. Sigma Planning Corp now owns 4,317 shares of the company’s stock worth $214,000 after purchasing an additional 238 shares in the last quarter. Lokken Investment Group LLC acquired a new position in Invesco RAFI Strategic US ETF during the 4th quarter worth approximately $248,000. Finally, AllGen Financial Advisors Inc. lifted its stake in Invesco RAFI Strategic US ETF by 15.5% in the 4th quarter. AllGen Financial Advisors Inc. now owns 5,389 shares of the company’s stock valued at $268,000 after purchasing an additional 724 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.