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

Shares of Invesco RAFI Strategic US ETF (NASDAQ:IUSGet Free Report) saw strong trading volume on Friday . 131,614 shares were traded during mid-day trading, an increase of 188% from the previous session’s volume of 45,707 shares.The stock last traded at $57.00 and had previously closed at $57.60.

Invesco RAFI Strategic US ETF Stock Performance

The company has a market capitalization of $695.40 million, a P/E ratio of 18.38 and a beta of 0.93. The company’s fifty day simple moving average is $59.42 and its 200-day simple moving average is $57.39.

Invesco RAFI Strategic US ETF Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Monday, March 23rd will be given a $0.2147 dividend. This represents a $0.86 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, March 23rd. This is a boost from Invesco RAFI Strategic US ETF’s previous quarterly dividend of $0.21.

Hedge Funds Weigh In On Invesco RAFI Strategic US ETF

Several institutional investors have recently bought and sold shares of IUS. Goldman Sachs Group Inc. purchased a new stake in shares of Invesco RAFI Strategic US ETF during the first quarter valued at about $11,162,000. Cetera Investment Advisers raised its stake in shares of Invesco RAFI Strategic US ETF by 11.9% during the 2nd quarter. Cetera Investment Advisers now owns 69,757 shares of the company’s stock worth $3,593,000 after acquiring an additional 7,414 shares in the last quarter. Richmond Investment Services LLC purchased a new stake in Invesco RAFI Strategic US ETF during the second quarter valued at approximately $231,000. Tandem Financial LLC purchased a new stake in Invesco RAFI Strategic US ETF during the second quarter valued at approximately $3,408,000. Finally, Betterment LLC acquired a new stake in Invesco RAFI Strategic US ETF in the second quarter valued at approximately $214,000.

Invesco RAFI Strategic US ETF Company Profile

(Get Free Report)

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.

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