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

Shares of Invesco RAFI Strategic US ETF (NASDAQ:IUS) saw an uptick in trading volume on Monday . 491,985 shares were traded 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 Trading Down 0.1%

The company has a 50-day moving average price of $59.38 and a two-hundred day moving average price of $57.91. The stock 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 company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were paid a $0.2147 dividend. The ex-dividend date was Monday, March 23rd. This represents a $0.86 annualized dividend and a dividend yield of 1.4%. This is a boost from Invesco RAFI Strategic US ETF’s previous quarterly dividend of $0.21.

Institutional Trading of Invesco RAFI Strategic US ETF

Several large investors have recently made changes to their positions in the company. Narus Financial Partners LLC grew its stake in shares of Invesco RAFI Strategic US ETF by 2.5% in the 4th quarter. Narus Financial Partners LLC now owns 8,247 shares of the company’s stock valued at $471,000 after buying an additional 201 shares during the period. Principal Securities Inc. grew its stake in shares of Invesco RAFI Strategic US ETF by 4.9% in the 4th quarter. Principal Securities Inc. now owns 4,503 shares of the company’s stock valued at $257,000 after buying an additional 210 shares during the period. Prospera Financial Services Inc grew its stake in shares of Invesco RAFI Strategic US ETF by 4.3% in the 3rd quarter. Prospera Financial Services Inc now owns 7,457 shares of the company’s stock valued at $412,000 after buying an additional 310 shares during the period. Dynamic Advisor Solutions LLC grew its stake in shares of Invesco RAFI Strategic US ETF by 8.4% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 4,202 shares of the company’s stock valued at $240,000 after buying an additional 325 shares during the period. Finally, Sigma Planning Corp grew its stake in shares of Invesco RAFI Strategic US ETF by 3.6% in the 4th quarter. Sigma Planning Corp now owns 11,321 shares of the company’s stock valued at $647,000 after buying an additional 391 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.