Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) Sets New 1-Year High – Should You Buy?

Shares of Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $58.63 and last traded at $58.22, with a volume of 46660 shares. The stock had previously closed at $58.54.

Invesco S&P Ultra Dividend Revenue ETF Stock Up 0.4%

The firm has a fifty day moving average price of $56.01 and a 200-day moving average price of $54.75. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 11.29 and a beta of 0.77.

Institutional Investors Weigh In On Invesco S&P Ultra Dividend Revenue ETF

Hedge funds have recently made changes to their positions in the business. Aventura Private Wealth LLC acquired a new stake in shares of Invesco S&P Ultra Dividend Revenue ETF during the fourth quarter worth $30,000. Assetmark Inc. acquired a new stake in shares of Invesco S&P Ultra Dividend Revenue ETF during the fourth quarter worth $55,000. Western Wealth Management LLC acquired a new stake in shares of Invesco S&P Ultra Dividend Revenue ETF during the first quarter worth $94,000. Advisory Services Network LLC acquired a new stake in shares of Invesco S&P Ultra Dividend Revenue ETF during the third quarter worth $95,000. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Invesco S&P Ultra Dividend Revenue ETF by 1,666.7% during the second quarter. Tower Research Capital LLC TRC now owns 3,339 shares of the company’s stock worth $160,000 after purchasing an additional 3,150 shares during the last quarter.

Invesco S&P Ultra Dividend Revenue ETF Company Profile

The Invesco S&P Ultra Dividend Revenue ETF (RDIV) is an exchange-traded fund that is based on the S&P 900 Dividend Revenue-Weighted index. The fund selects the 60-highest-yielding stocks from the S&P 900 and weights them by revenue. RDIV was launched on Oct 1, 2013 and is managed by Invesco.