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

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 firm has a market cap of $833.07 million, a P/E ratio of 18.38 and a beta of 0.87. The firm has a 50 day simple moving average of $64.46 and a 200 day simple moving average of $60.88.

Invesco RAFI Strategic US ETF Announces Dividend

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

Hedge Funds Weigh In On Invesco RAFI Strategic US ETF

Several hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. bought a new stake in Invesco RAFI Strategic US ETF during the 1st quarter worth approximately $11,162,000. Betterment LLC bought a new position in Invesco RAFI Strategic US ETF in the 2nd quarter valued at $214,000. McIlrath & Eck LLC boosted its holdings in Invesco RAFI Strategic US ETF by 6.5% in the 2nd quarter. McIlrath & Eck LLC now owns 129,200 shares of the company’s stock valued at $6,654,000 after purchasing an additional 7,922 shares during the period. MML Investors Services LLC grew its position in shares of Invesco RAFI Strategic US ETF by 29.2% during the 2nd quarter. MML Investors Services LLC now owns 122,507 shares of the company’s stock valued at $6,309,000 after purchasing an additional 27,667 shares in the last quarter. Finally, Orion Porfolio Solutions LLC grew its position in shares of Invesco RAFI Strategic US ETF by 372.8% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 89,882 shares of the company’s stock valued at $4,629,000 after purchasing an additional 70,871 shares in 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.