Invesco RAFI Strategic US ETF (NASDAQ:IUS) Sees Large Volume Increase – Here’s Why

Shares of Invesco RAFI Strategic US ETF (NASDAQ:IUSGet Free Report) saw unusually-strong trading volume on Tuesday . Approximately 95,617 shares were traded during trading, an increase of 120% from the previous session’s volume of 43,375 shares.The stock last traded at $59.07 and had previously closed at $58.79.

Invesco RAFI Strategic US ETF Stock Up 0.6%

The business has a 50 day moving average price of $59.52 and a two-hundred day moving average price of $57.21. The stock has a market cap of $721.39 million, a P/E ratio of 18.38 and a beta of 0.93.

Invesco RAFI Strategic US ETF Cuts Dividend

The firm 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 Investors Weigh In On Invesco RAFI Strategic US ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Flagship Harbor Advisors LLC bought a new position in shares of Invesco RAFI Strategic US ETF during the fourth quarter worth $25,000. US Bancorp DE bought a new stake in Invesco RAFI Strategic US ETF in the 3rd quarter valued at $41,000. Root Financial Partners LLC purchased a new stake in Invesco RAFI Strategic US ETF in the 3rd quarter worth $60,000. Hughes Financial Services LLC boosted its holdings in shares of 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 last quarter. Finally, Corient Private Wealth LLC purchased a new position in shares of Invesco RAFI Strategic US ETF during the second quarter valued at about $208,000.

About Invesco RAFI Strategic US ETF

(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.

Further Reading

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