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

Invesco RAFI Strategic US ETF (NASDAQ:IUS) saw unusually-strong trading volume on Monday . Approximately 117,440 shares changed hands during mid-day trading, an increase of 185% from the previous session’s volume of 41,246 shares.The stock last traded at $60.5340 and had previously closed at $60.58.

Invesco RAFI Strategic US ETF Trading Up 0.0%

The stock has a fifty day simple moving average of $59.12 and a 200-day simple moving average of $56.75. The company has a market capitalization of $739.20 million, a PE ratio of 18.38 and a beta of 0.93.

Invesco RAFI Strategic US ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were paid a $0.2108 dividend. This represents a $0.84 annualized dividend and a yield of 1.4%. The ex-dividend date was Monday, December 22nd.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. purchased a new stake in Invesco RAFI Strategic US ETF in the first quarter valued at $11,162,000. Envestnet Asset Management Inc. lifted its holdings in shares of Invesco RAFI Strategic US ETF by 81.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 684,623 shares of the company’s stock valued at $35,258,000 after purchasing an additional 306,778 shares during the last quarter. Prosperity Wealth Management Inc. boosted its position in shares of Invesco RAFI Strategic US ETF by 22.5% in the 2nd quarter. Prosperity Wealth Management Inc. now owns 131,010 shares of the company’s stock valued at $6,747,000 after purchasing an additional 24,037 shares during the period. PFG Advisors grew its stake in Invesco RAFI Strategic US ETF by 8.3% during the 2nd quarter. PFG Advisors now owns 92,919 shares of the company’s stock worth $4,785,000 after buying an additional 7,091 shares during the last quarter. Finally, Cetera Investment Advisers increased its position in Invesco RAFI Strategic US ETF by 11.9% during the second quarter. Cetera Investment Advisers now owns 69,757 shares of the company’s stock worth $3,593,000 after buying an additional 7,414 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.