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

Invesco RAFI Strategic US ETF (NASDAQ:IUS) saw strong trading volume on Wednesday . Approximately 35,038 shares were traded during 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 Price Performance

The stock has a market capitalization of $946.74 million, a price-to-earnings ratio of 18.38 and a beta of 0.87. The firm’s fifty day moving average is $66.63 and its 200-day moving average is $62.90.

Invesco RAFI Strategic US ETF Dividend Announcement

The company also recently announced 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 was Monday, June 22nd. This represents a $0.82 annualized dividend and a dividend yield of 1.2%.

Institutional Investors Weigh In On Invesco RAFI Strategic US ETF

Several large investors have recently added to or reduced their stakes in IUS. Flagship Harbor Advisors LLC acquired a new position in shares of Invesco RAFI Strategic US ETF during the fourth quarter valued at $25,000. US Bancorp DE bought a new stake in Invesco RAFI Strategic US ETF in the 3rd quarter valued at about $41,000. 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 period. Corient Private Wealth LLC acquired a new stake in shares of Invesco RAFI Strategic US ETF in the second quarter valued at approximately $208,000. Finally, Betterment LLC bought a new stake in shares of Invesco RAFI Strategic US ETF during the second quarter valued at approximately $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.